From Cleveland Fed, Goldman Sachs, plus Bloomberg consensus – generally, acceleration in the q/q annualized:
Figure 1: Quarter-on-Quarter annualized inflation of CPI (bold black), Cleveland Fed nowcast as of 8/8 (gray square), Bloomberg consensus, Kalshi betting CT (chartreuse triangle), Goldman Sachs as of 8/7 (red *), inflation of PCE (bold blue), Cleveland Fed nowcast as of 88 (light blue square). Source: BLS, BEA, Cleveland Fed accessed 8/8, Bloomberg, Kalshi accessed 8/8 noon CT, Goldman Sachs, and author’s calculations.
