Goldman Sachs: Core PCE in July meets expectations, but trade deficit sharply widens. Downgrades Q3 US GDP forecast to 1.6%.

Zhitong Financial APP learned that Goldman Sachs issued a research report stating that the core personal consumption expenditures (PCE) price index in the United States for July basically met market expectations, but the unexpected significant increase in the goods trade deficit prompted the bank to lower its forecast for U.S. economic growth in the third quarter.