Will core goods CPI print positive year over year for at least three consecutive months in H2 2026?

Given the current federal funds target range of 3.50 to 3.75 percent and the signaling from the FOMC that there will be no rate cuts in the near term, demand may remain subdued, impacting core goods prices. However, the projected increase in the year-end 2026 funds rate to 3.8 percent suggests a tightening that could slow inflation, but core goods CPI being print positive year over year for three consecutive months remains plausible due to lingering supply chain issues and consumer demand for non-durable goods.