David Kostin, the chief US equity strategist at Goldman Sachs, noted in a recent report that inflation is steadily slowing. His firm thinks core Personal Consumption Expenditures , a common gauge of price growth, should return to near the Federal Reserve's 2% target by 2025.
Rapidly falling goods inflation is dragging down the core PCE Index while services inflation stays sticky.A recent report, however, shows that inflation isn't going to simply vanish into thin air. On Friday the US Department of Commerce announced that the month-over-month, which was higher than anticipated.
Lower inflation is crucial if the economic expansion is to continue. Goldman Sachs is relatively optimistic about growth and anticipates that GDP will stay positive for at least the next seven quarters, while its peers call for an economic contraction in the back half of the year.Perhaps most perplexing about the economic landscape is how the unemployment rate has stayed historically low despite
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