7 October 2026 | 5:59PM EDT Economics Research US Daily: Where Has Inflation Surprised? Abhay Duggirala +1(202)585-6760 | abhay.duggirala@gs.com Goldman Sachs & Co. LLC Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. Core PCE stood at 3.0% year over year in August, 0.7pp above our 2.3% start-of-the-year forecast for August. An impo ...