Wall Street banks raise August core PCE forecasts after 0.3% CPI rise

Sep 12, 2026 09:50 (41d ago)

Barclays, Goldman Sachs, Bank of America, TD and Nomura raised August core PCE forecasts.
0.3% August core CPI growth exceeded the 0.2% market expectation.
Mizuho forecast 0.30% under its previous method and up to 0.40% under a new methodology.

Major Wall Street banks raised their forecasts for August core PCE inflation after August core CPI increased 0.3% month over month, exceeding the 0.2% market expectation. Barclays lifted its estimate to 0.25% from 0.22%, Goldman Sachs to 0.26% from 0.24%, Bank of America to 0.30% from 0.26%, TD to 0.32% from 0.24%, and Nomura to 0.278% from 0.245%. Mizuho projected a 0.30% increase under its previous calculation method and as much as 0.40% under a new methodology. Core PCE, a measure of underlying consumer-price trends that excludes food and energy, is being reassessed as analysts incorporate the stronger CPI reading.