GS: first revision down in inflation

Past peak inflation! The tide is turning!...Well at least Goldman now says that the inflation news likewise looks a touch better. Jan Hatzius: "For the first time since the price surge started in early 2021, we have revised our end-2022 core PCE forecasts down rather than up and are now more confident that both headline and core inflation have peaked in year-on-year terms. Admittedly, much of the upcoming decline reflects “base effects” as last year’s increases start to drop out of the 12-month