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.”
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Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
