A note from the investment bank issued on Friday. In it GS says:
- “Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling,”
- says investors are not taking note of the potential for “delayed-onset inflation” in sectors such as healthcare
- says a sharp deceleration in US economic growth will only have a limited chance of more rapid easing of price pressures
This article was written by Eamonn Sheridan at www.forexlive.com. Source