{"id":1027905,"date":"2021-11-18T14:29:41","date_gmt":"2021-11-18T19:29:41","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1027905"},"modified":"2021-11-18T14:29:44","modified_gmt":"2021-11-18T19:29:44","slug":"goldman-sachs-inflation-to-get-worse-in-coming-months","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/goldman-sachs-inflation-to-get-worse-in-coming-months\/","title":{"rendered":"Goldman Sachs: Inflation to get worse in coming months"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgoldman-sachs-inflation-to-get-worse-in-coming-months%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1027905&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2585558\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2585558\" class=\"wp-caption-text\">FILE \u2013 In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. (AP Photo\/Richard Drew, File)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 10:56 AM PT \u2013 Thursday, November 18, 2021<\/h5>\n<p>Investment bank Goldman Sachs expects U.S. inflation to climb even higher in the coming months.<\/p>\n<p>In a new report, Goldman Sachs\u2019 economists found U.S. core personal consumption price index will rise to 4.3 percent by the end of this year. This directly points to a rise in gas prices and consumer goods, pushing the broader inflation measure up as well.<\/p>\n<p>Overall, U.S. inflation is expected to hit 7 percent in December, which is up from 6.2 percent last month. Economists also said lack of improvements in the labor market and the lingering supply chain crisis will fuel inflation for the foreseeable future.<\/p>\n<p>\u201cThe current inflation surge will get worse this winter before it gets better. We do expect persistent inflationary pressure from faster growth of wages and rents, but only enough to keep inflation moderately above 2 percent, in line with the Fed\u2019s goal under its new framework,\u201d said Jan Hatzuis, chief economist at Goldman Sachs.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Jan Hatzius, chief economist at <a href=\"https:\/\/twitter.com\/search?q=%24GS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GS<\/a>, talks about the trajectory of inflation: <a href=\"https:\/\/t.co\/tKodNEot5d\">https:\/\/t.co\/tKodNEot5d<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/TalksAtGS?src=hash&amp;ref_src=twsrc%5Etfw\">#TalksAtGS<\/a> <a href=\"https:\/\/t.co\/fgrelwpQLX\">pic.twitter.com\/fgrelwpQLX<\/a><\/p>\n<p>\u2014 Goldman Sachs (@GoldmanSachs) <a href=\"https:\/\/twitter.com\/GoldmanSachs\/status\/1460316730677514254?ref_src=twsrc%5Etfw\">November 15, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u201cLabor supply issues are an important driver here, the other important driver is what we\u2019re seeing just in terms of goods demand and goods inflation, which I think is going to spill more into 2022 as Chair Powell discussed in the press conference on Wednesday,\u201d stated Hatzuis.<\/p>\n<p>Goldman Sachs is expecting inflation to ease by mid-2022, although it will remain above its 10 year average until the end of next year.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/investigation-underway-following-discovery-of-vials-labeled-smallpox-in-pa-lab\/\">Investigation Underway Following Discovery Of Vials Labeled \u2018Smallpox\u2019 In Pa. Lab<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>FILE \u2013 In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. (AP Photo\/Richard &#8230;<\/p>\n","protected":false},"author":90,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1027905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1027905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1027905"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1027905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1027905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1027905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1027905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}