Goldman Sachs: July CPI Data Meets Expectations, Focus Shifts to Labor Market

According to ChainCatcher, citing Jinshi News, Alexandra Wilson-Elizondo, Global Co-Chief Investment Officer of Multi-Asset Solutions at Goldman Sachs, stated that the July CPI data met expectations, with core inflation rising 3.1% year-on-year. The Federal Reserve believes that the impact of tariffs on price levels is mostly temporary and has not yet led to significant price increases. Going forward, the focus will shift more toward employment, and the inflation report supports expectations that the Fed may implement a “precautionary” rate cut in September.