CPI Prep: Calling for Softer

GS/ JPM

The whole street is bunched up around a 0.3% consensus with GS and JPM calling for softer

Goldman’s Institutional Trading Desk

• Bottom line: Softer, but not that soft

We expect a 0.28% increase in April core CPI (vs.0.3% consensus), corresponding to a year-over-year rate of 3.61% (vs. 3.6% consensus); link.

• We highlight three key component-level trends we…