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New York(CNN Business) Red-hot inflation in the United States may not cool off this year as much as many hoped, Goldman Sachs cautioned in a new report.
"The inflation picture has worsened this winter as we expected, and how much it will improve later this year is now in question," Goldman Sachs economists wrote in a client report Sunday night.
Given that uncertainty, Goldman Sachs is raising its inflation outlook. It expects that core PCE inflation, the Federal Reserve's preferred price metric, will decelerate to 3.7% at the end of this year.
That's a jump from Goldman's previous forecast of 3.1% — and almost double the Fed's goal of 2%.
Inflation is so out of control, I don’t know if people fully understand. I just sold my car today. It was 2 years old and the sale price exceeded what I paid for it brand new.
Anyway, to anyone out there who is in the market trying to buy a car, if you can even find one, you can expect to pay an outrageous amount.
Inflation is so out of control, I don’t know if people fully understand. I just sold my car today. It was 2 years old and the sale price exceeded what I paid for it brand new.
Anyway, to anyone out there who is in the market trying to buy a car, if you can even find one, you can expect to pay an outrageous amount.
Yep, we're nursing a 23-year-old Honda along for our eldest right now because there's just nothing available for her to purchase. Mechanically, the car is fine, but it's far from pretty at this point. Good thing she doesn't care what the exterior looks like. I do worry about it being stolen. Her employer had two fleet vehicles stolen from the building's parking garage over the weekend. Seems anything on wheels is at risk right now, and replacing it would be tough on her budget.
Yep. 100 million American workers and retirees all share in those profits.
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