Hat tip to Goldman Sachs for taking a somewhat contrarian take on the longer-term outlook for inflation.
Whether it proves correct is anyone’s guess as headlines continue on price spikes for commodities and consumer goods.
“We are boosting our sequential inflation assumptions for Q4 and early 2022. We now expect year-on-year core PCE inflation of 4.3% at year-end, 3.0% in June 2022, and 2.15% in December 2022 (vs. 4.25%, 2.7% and 2.0% previously). This slower resolution of supply constraints…
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