Now They’ll Be More Dovish: Goldman Tweaks Fed Outlook After CPI Miss

And now cue everyone scrambling to adjust their expectations for the Fed. Last night, we brought you Goldman's full FOMC preview, but at the last minute, they're making a few changes to account for this morning's dismal data. Here's the latest iteration... Via Goldman Core CPI inflation was lower than expected for the third consecutive month, and the year-over-year rate fell two tenths to +1.7%. Retail sales were mixed, with core growth in May below consensus expectations but large positive r