Goldman Sachs Says US Inflation Is Slowing… “Dramatically”

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An excerpt via Goldman Sachs on US inflation.

  • Price inflation .. slowing sharply.
  • Over the past two months, sequential core PCE inflation has averaged 2.6% year-on-year, half the pace of the previous year

GS outlines the implications for the Federal Reserve:

  • if wage growth and core inflation continue to ease, Fed officials will gradually become more tolerant of looser terms

And for markets:

  • in our view, risky assets only partially reflect the best recent US inflation news

GS says core PCE inflation should fall below 3% this year, GS says lower shelter inflation will help:


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