U.S. will be even worse this year than expected, after the ’s primary inflation measurement hit its highest level in 40 years, according to a new report from Goldman Sachs.The personal consumption expenditures (PCE) price index rose 6.1 percent in January from a year ago, the largest annual gain since February 1982, as seen in federal data released Friday. Goldman Sachs predicts that PCE inflation will remain high throughout the year before dropping to 3.7% by the end of 2022, economists for the Wall Street giant wrote in a client report Sunday, which was seen by .
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