Analysts at Goldman Sachs expect the US inflation rates to drop by year-end, as they raise their near-term inflation forecasts.
“Our economists recently raised their near-term inflation forecasts while maintaining their expectation that inflation will begin to abate later in the year. “
“In April, both core PCE (+3.1% y/y) and core CPI (+3.0% y/y) exceeded expectations and notched highs not seen in more than two decades. “
“Our economists that core PCE will register 2.5% at the end of 2021 and decline to 2.1% during 2022.”