🔥Goldman Sachs: Inflation Eases Temporarily but Pressure Remains, Fed Has Room to Stay Patient


On April 10, Alexandra Wilson-Elizondo of Goldman Sachs Asset Management stated that the market had previously prepared for strong inflation data, so today’s data, which was in line with expectations, brought some slight relief. However, this may be the best overall inflation reading seen for some time, as the data may only partially reflect the full impact of the Iran conflict, which temporarily pushed U.S. crude oil and gasoline prices up by about 70%. She added that the Federal Reserve has room to remain patient and has ample reason to do so. Today’s data has bought the Fed some time, but the real test still lies ahead.
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