Goldman Sachs: Inflation has eased but pressures remain, the Federal Reserve has room to be patient
According to Jinshi reports, Alexandra Wilson-Elizondo from 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, brings a slight relief. However, this may be the best overall inflation reading we can see for some time, as the data may only partially reflect the full impact of the Iran conflict, which at one point pushed U.S. crude oil and gasoline prices up by about 70%. She added, "The Federal Reserve has room to be patient, and there are ample reasons to do so. Today's data buys time for the Federal Reserve, but the real test lies ahead."
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