US: Core PCE inflation to peak at 2.4% in April – Goldman Sachs
|The Goldman Sachs analysts believe that the US inflation is likely to edge higher in the coming months before subsiding by the year-end.
Key quotes
Forecast “core PCE inflation to peak at 2.4% in April and then by year-end back to 2.0%, bolstered by the year-on-year comparison to the April 2020 lockdowns.”
“In our baseline, a partial rebound in four particularly sensitive categories-air and ground transportation, hotels, and recreation admissions-will contribute nearly +0.5pp.”
“But how high could core inflation go if mass vaccination unleashes surging demand in virus-sensitive categories?”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.