Goldman Sachs is taking a somewhat contrarian view on the longer-term outlook for inflation.
The global banking and investment giant is expecting a core inflation rate of 4.3% in the U.S. at the end of this year, followed by a drop to 3% in June 2022 and 2.15% by December 2022.
Yahoo!Finance editor Brian Sozzi points to several factors informing Goldman Sachs’ analysis:
“First is an improved supply of semiconductors as manufacturers such as Intel and Taiwan Semiconductor ramp up…
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