US: Inflation will begin to abate by end-2021 – Goldman Sachs
|Analysts at Goldman Sachs expect the US inflation rates to drop by year-end, as they raise their near-term inflation forecasts.
Key quotes
“Our economists recently raised their near-term inflation forecasts while maintaining their expectation that inflation will begin to abate later in the year. “
“In April, both core PCE (+3.1% y/y) and core CPI (+3.0% y/y) exceeded expectations and notched highs not seen in more than two decades. “
“Our economists that core PCE will register 2.5% at the end of 2021 and decline to 2.1% during 2022.”
Related reads
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.