Goldman Sachs Expects “Significant” Decline in US Inflation!
Mate27
TUSCL’s #1 Soothsayer!
Monday, November 14, 2022 2:40 PM
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Nov 14 (Reuters) - Goldman Sachs said it expects a "significant" decline in U.S. inflation next year due to easing in supply chain constraints, a peak in shelter inflation and slower wage growth.
The U.S. lender on Sunday forecast core personal consumption expenditure (PCE) –– the Federal Reserve's preferred measure of inflation –– falling to 2.9% by December 2023 from 5.1% currently.
The forecast comes as Fed governor Christopher Waller warned over the weekend that the central bank may consider slowing the pace of rate increases at its next meeting but that should not be seen as a "softening" in its commitment to lower inflation.
Told you so!! I was going to add this onto my prior threads, but this definitely deserves a new thread so nobody has to sift through hundreds of comments that basically said I was crazy for surmising such a thought, ie SkiDumb and Icee. Any way, a humble brag on my part I suppose. It still translates to whatever increases we saw are behind us. This isn’t the 70’s or the 80’s, because productivity is much better in present day with technological advances, keeping costs from escalating forever.
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