"Market Anticipation Builds for US CPI Data Revisions"
TL;DR Summary
Goldman Sachs anticipates minor revisions to the US Consumer Price Index (CPI) for the second half of 2023, with historical trends suggesting adjustments reflecting the significant inflation slowdown over the year. The Bureau of Labor Statistics' annual revision process aims to recalculate seasonal factors, potentially leading to a slight upward adjustment in monthly core CPI inflation figures. Similar directional revisions are expected for core Personal Consumption Expenditures (PCE) inflation, with the data set to be released at 8:30 am US Eastern time.
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