Goldman Sachs is out with a note today highlighting downside inflation pressures from oil. I've been writing about this for awhile, noting that oil is trading more than $20 below where it was at this time last year, adding a powerful drag for crude.Looking out further, Goldman Sachs sees continued low prints and heading below 2%.Using the oil futures curve, “we would .. expect headline CPI inflation of 1.8% year-over-year next April, roughly in line with what’s currently priced into inflation swaps," they write.There is some counter-seasonality late this year to run against crude but in early 2025, it all begins to align and that should keep the Fed dovish.That said, any forecast based on th
Hence then, the article about goldman sachs highlights the case for an undershoot in us inflation was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Goldman Sachs highlights the case for an undershoot in US inflation )