0713 ET - Investors are looking ahead to Tuesday morning's consumer-price-index data for a reading on inflation impact of the first few weeks of President Trump's "Liberation Day" tariffs. In line with WSJ's survey consensus, Goldman Sachs economists expect that core CPI inflation sped up to a 0.3% month-over-month increase, up from 0.1% in March. That would leave the 12-month core CPI rate unchanged at 2.8%. "We have penciled in moderate upward pressure from tariffs on categories that are particularly exposed (such as apparel, recreation, and communication)," Goldman writes. On the other hand, used car prices were likely down by 0.5% last month, helping keep a lid on inflation, Goldman projects. (matt.grossman@wsj.com, @mattgrossman)
(END) Dow Jones Newswires
May 12, 2025 07:13 ET (11:13 GMT)
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