Goldman Sachs expects inflation to get worse over the winter.
Goldman Sachs believes inflation has not yet peaked. Axios reports:
“The current inflation surge will get worse this winter before it gets better,” Goldman Sachs Global Investment Research warns clients in a “2022 U.S. Economic Outlook.”
Driving the news: But Goldman expects the economy “to reaccelerate to a 4%+ growth pace over the next few quarters as the service sector continues to reopen, consumers spend part of their pent-up savings, and inventory restocking gets underway.”
Notably, Goldman Sachs data starts with an inflation measurement that is one third lower than the reported inflation rate.
BREAKING: Inflation Hits Three Decade High Under Joe Biden — October Inflation at 6.2% #SenileBiden
CNBC’s Jim Cramer believes inflation is much worse than being reported.
“It’s Much Worse Than We Thought” – CNBC’s Jim Cramer Sounds the Alarm on Inflation in the US