Both Goldman Sachs and JP Morgan says the US has hit 'peak inflation'

The data is here:

• US March CPI 8.5% y/y vs 8.4% expected

And, more:

Forexlive Americas FX news wrap: The 'peak inflation' trade didn't last long

JPM and GS piling on also. Analysts at both banks are saying CPI has likely topped out. We'll see.