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Goldman still expects U.S. inflation to fall significantly as markets alarmed by recent rise
Goldman Sachs still expects stubbornly high U.S. inflation to ease over the coming months, despite investors slashing bets for Federal Reserve interest rate cuts, after yet another print showed that consumer prices remain sticky. The consumer price index accelerated at a faster-than-expected pace in March, according to data published on Wednesday by the Labor Department’s Bureau of Labor Statistics. The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%. This was an acceleration from the 3.2% hike jotted in February. The report ... (full story)