Goldman Sachs raises US inflation expectations
Goldman Sachs economists predict that core PCE inflation in the United States will increase by 3.8% by the end of 2025 and 2.7% by the end of 2026. In comparison to these forecasts, the latest core PCE data is only 2.6%. Goldman Sachs states that the weakening of the dollar due to tariff news exacerbates the direct impact of tariffs on prices, rather than offsetting this impact.
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