I found a couple of items from Goldman Sachs, analysts at the firm having a peek at the inner working of both sides of the Federal Reserve mandate.
On the CPI report that'll be released this week:
- GS expect both headline and core CPI to have increased by 0.3% m/m in September
- core +3.1% y/y
- see car price inflation and airfare price inflation decreasing
- labor market and housing market prices cooling
- tariffs could push up prices in sectors impacted
Goldman Sachs addressed the US labor marekt also:
- we should take the recent labor market weakness beyond the slowdown in labor supply seriously
- labor market indicators are more reliable predictors of recession risk and future activity than activity indicators
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Yes, despite the US government shut down, the US CPI data will get published:
