Goldman Sachs expects core PCE to rise 0.23% month on month in July, and the Federal Reserve will maintain interest rate stability until the end of the year

Goldman Sachs expects core PCE to rise 0.23% month on month in July, higher than core CPI and market consensus. The investment portfolio management fee is expected to increase by 8 basis points. Methodological changes may cause fluctuations in PCE readings and lower the annual core inflation rate. Goldman Sachs expects the core inflation rate to approach 0.2% in August and believes that the Federal Reserve will maintain interest rate stability until the end of the year.