🚨 TARIFFS LIKELY TO BOOST INFLATION, GOLDMAN SACHS SAYS

While they anticipate only a SMALL impact in May's CPI data (due Wednesday), pushing core inflation up by 0.05 percentage points to 0.25% month-over-month, the outlook darkens by year-end.

Core inflation could hit 3.5% by December, a notable jump from April's 2.8%...

Goldman Sachs attributes this surge primarily to rising goods prices, not services, even as pressures from labor, housing, and autos ease.

Stay sharp. Let's see what happens.