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Goldman Sachs Sees Significant Decline in US Inflation Next Year

Started by Epoch-Times-Bot, Nov 15, 2022, 12:45 AM

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Epoch-Times-Bot

Nov 15, 2022, 12:45 AM
Goldman Sachs Sees Significant Decline in US Inflation Next Year

Economists at Goldman Sachs Group (GSG) are predicting that the present surge in U.S. inflation will significantly decline in 2023.
A team led by Goldman Sachs’ chief economist, Jan Hatzius, said that this would be led by three key factors: an ease in the supply chain crisis, a drop in housing prices, and slower wage growth, reported Bloomberg.
The GSG economist said that the core PCE index would probably tumble to 2.9 percent by December 2023 from 5.1 percent in September due to the impact of lower commodity prices and a stronger dollar on inflation.
"All in, we forecast core PCE inflation to fall significantly," the economists wrote....

Source: Goldman Sachs Sees Significant Decline in US Inflation Next Year

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Jun 15, 2024, 06:48 PM

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Aug 15, 2024, 08:14 AM
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