Goldman Sachs expected a significant decrease in inflation rates in the United States in 2023, reflecting the decline in supply chain problems, domestic climax, and slowing wage growth. Economists, led by Yan Hatzius, also wrote in a research note that it is expected that the USS USA Personal Consumption Expenditure Index will reach 2. 9% by December 2023 compared to the rate of 5. 1% currently, according to Bloomberg.
Goldman Sachs indicated that inflation rates will be affected by the weak prices of basic commodities and the rise of the dollar. The bank pointed out that it believes that inflation in the prices of rental housewives on an annual basis will reach its peak in the spring, noting that the vacancy rates for rent began to recover, and are likely to return to pre -epidemic rates during the next year.
Goldman Sachs expected that the growth of slow wages from ascending pressure on inflation of services by late 2023. Goldman Sachs believes that it is expected that basic personal consumption expenditures will decrease significantly..
About Author
