Goldman still expects U.S. inflation to fall significantly as markets alarmed by recent rise
Publishing timestamp: 2024-04-11 11:36:05
Summary
Goldman Sachs expects U.S. inflation to ease despite recent high CPI numbers. Traders now anticipate rate reduction in September. The bank expects U.S. CPI to fall back to 2.4% this year due to factors such as rising oil prices and normalization of wage inflation. Fed policymakers are cautious about rate cuts, with some expecting only one cut this year. The shift from inflation coming down to inflation staying sticky has been well managed by the markets due to strong growth in the corporate and manufacturing sectors.
Sentiment: MIXED
Tickers: GS,
Keywords: inflation, markets, business news, central banking, breaking news: markets, opec, interest rates, goldman sachs group inc, u.s. economy,