lucky777casino| Goldman Sachs expects US inflation to fall significantly in the coming months

Grondham April 12| Christian Mueller-Glissmann, head of asset allocation research at Goldman Sachs, believes U.S. inflation will fall significantly in the coming months. Consumer Price Index (CPI) rose by 3.5% year-on-year in Marchlucky777casino5% higher than market expectationslucky777casino3.4%, the data may make the Fed cut interest rates this year significantly less likely. In an interview with CNBC, Mueller-Glissmann said Goldman Sachs still expects CPI to fall back to 2.5% this year. Last month's CPI data was higher than expected, driven by high oil prices and higher-than-expected inflation in the transportation category, believing the related effects will weaken. He believes that wage inflation in the United States will tend to normalize, conducive to a fall in inflation. The market was overly optimistic about inflation and the pace of Fed interest rate cuts in the fourth quarter of last year, but now it is only returning to reality.

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