Ronnie Walker +1(917)343-4543 | ronnie.walker@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. 8 c45a43530f604d12bcb9a82b5aa6b9f6 n The last three months of inflation data have been favorable, with core CPI inflation averaging 2.0% annualized and core PCE inflation averaging an estimated 2.5% (includin ...