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:
cnbctv18-forexlive-benzinga
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