GOLDMAN SEES CORE PCE AT 0.23% Goldman Sachs expects July core PCE to rise 0.23% M/M, slightly above core CPI and consensus. Portfolio management fees are expected to add 8 bps, reflecting Q2 equity gains. Goldman says upcoming methodology changes could create volatility in PCE readings and lower annual core inflation. The bank expects core inflation near 0.2% in August and sees the Fed holding rates steady through year-end.(*Walter Bloomberg)