Goldman Sachs are adding in even more Federal Reserve rate hikes to their forecastsGoldman Sachs
We are raising our core PCE inflation forecast to 3.7% at end-2022 (vs. 3.1% previously)
and 2.4% at end-2023 (vs. 2.2%).
Accounting for a wider CPI-PCE gap, this implies 4.6% headline CPI inflation at end-2022 and 2.9% at end-2023.
A very high inflation path in
Source: Goldman Sachs are adding in even more Federal Reserve rate hikes to their forecasts (https://www.forexlive.com/centralbank/goldman-sachs-are-adding-in-even-more-federal-reserve-rate-hikes-to-their-forecasts-20220228/)
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