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Following the "new king of bonds," Goldman Sachs also predicts that inflation in the USA will reach 4% this year.
Goldman Sachs predicts that by Christmas, the inflation rate in the USA may reach 4%, while Commodity inflation could surge to 6%-8%. Shortly after the Federal Reserve announced to hold steady on May 7th, and after the press conference by Fed Chair Jerome Powell, Jeffrey Gundlach of DoubleLine Capital also stated, "Given the current situation, the overall CPI increase by the end of this year could reach the '4' threshold."
Daily Roundup of Key US Economic Data for May 8
Trump criticizes the Federal Reserve again for not lowering interest rates, but this time did not call for firing Powell.
① The Federal Reserve announces that it will maintain the target range for the federal funds rate between 4.25% and 4.50%, marking the third consecutive decision to keep rates unchanged; ② Trump criticized Federal Reserve Chairman Powell on social media, stating that he is "too late" and "clueless," but added that he "still really likes him."
Jobless Claims Fall in Latest Week, With No Sign of Recession or Layoffs
Q1 US Nonfarm Productivity Falls as Expected, Unit Labor Costs Jump
U.S. Productivity, Secret Sauce of Economy, Falls for First Time in Almost Three Years
