BlockBeats News, October 20th: Despite the ongoing U.S. government shutdown, the delayed September inflation data will be released this Friday. Goldman Sachs analysts released a report over the weekend stating that the bank expects both overall CPI and core CPI to increase by 0.3% month-on-month in September, keeping the core inflation annual rate at around 3.1%.
Goldman Sachs pointed out that the impact of car prices on inflation is weakening, and airfare prices may also see a decrease. At the same time, the contributions of the labor market and the housing market to inflation may also be cooling off. However, Goldman Sachs noted that tariffs could exert upward pressure on “specific exposed industries such as communication, home decoration, and entertainment.” The bank predicts that the full-year core inflation rate as of December will remain at 3.1%. (FXStreet)
