Goldman Changes Fed Call Amid Tight Credit, Mixed Official Messaging

The US is "certainly" past peak inflation, Tom Barkin told CNBC on Wednesday, following a relatively benign CPI report. That's the good news. The bad news is "we still have a ways to go," as Barkin put it, and that means the Fed has "more to do" when it comes to coaxing core inflation "down to where we'd like it to be." He was constructive, but cautious. It's premature to declare victory, Barkin went on. Although demand has cooled, evidence that inflation has cracked is wanting thus far, he wa