We don't see a rate HIKE this year, Goldman Sachs chief economist predicts

• Goldman Sachs estimates July headline CPI at 0.05% M/M (vs. 0.1% consensus) and core CPI at 0.19% M/M (vs. 0.2% consensus).
• Hatzius believes June marked the beginning of a softer trend for inflation, with temporary drivers like tariff pass-through and oil price impacts diminishing.
• Goldman Sachs does not foresee any further interest rate hikes from the Federal Reserve in the remainder of the year.
• The U.S. economy is considered to be 'doing pretty well,' with GDP growth at a sustainable 2-2.5% rate and low, stable unemployment.

Goldman Sachs Chief Economist Jan Hatzius provides an optimistic outlook on the U.S. economy, forecasting July CPI inflation to be slightly below consensus and indicating that Goldman Sachs does not anticipate further Fed rate hikes this year. He notes that temporary inflation drivers are receding and the economy is growing at a sustainable pace with stable unemployment.