Goldman says markets too optimistic on pace of US inflation drop
newscatcher
2023-06-18 01:35
Goldman says markets too optimistic on pace of US inflation drop
Inflation in the US won't come down as quickly as markets are currently pricing, according to strategists at Goldman Sachs Group Inc. Investors could be assuming that a sharp deceleration in growth will lead to a more rapid easing of price pressures, and tending to be more bearish on energy prices than what is implied by commodities futures, strategists led by Praveen Korapaty wrote in a note Friday (June 16). They see limited ability for those things to lower prices, and say markets are also ignoring the potential for 'delayed-onset inflation' in sectors like health care.

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