Trump tariffs suppress the dollar, Goldman Sachs raises inflation expectations for the United States for the next two years.

date
11/05/2025
Wisdom Financial APP has learned that economists at Goldman Sachs have raised their forecast for US inflation this year and next, partly due to the weakening of the US dollar after the Trump administration announced tariffs. Goldman Sachs economists Ronnie Walker and Elsie Peng said on Wednesday that a key potential inflation indicator will rise to 3.8% by the end of 2025, and then fall to 2.7% by the end of 2026, higher than the previous forecast of 3.5% and 2.3%. In March, this indicator - the personal consumption expenditure (PCE) price index excluding food and energy - was 2.6%.