Goldman Sachs: Inflation is easing but pressure remains; the Federal Reserve has room to remain patient
According to ChainCatcher, citing Golden Ten Data, Alexandra Wilson-Elizondo from Goldman Sachs Asset Management stated that the market had already anticipated strong inflation data, so today’s data, which was in line with expectations, brought some slight relief. However, this may be the best overall inflation reading we see for a while, as the data may only partly reflect the full impact of the Iran conflict, which at one point drove US crude oil and gasoline prices up by about 70%. She added: “The Federal Reserve has room to remain patient, and there are good reasons to do so. Today’s data buys the Fed some time, but the real test lies ahead.”
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