Goldman Sachs raises U.S. inflation expectations

Jin10 data reported on May 8th that Goldman Sachs economists expect the core PCE inflation in the U.S. to rise to 3.8% by the end of 2025 (previously forecasted at 3.5%) and 2.7% by the end of 2026 (previously forecasted at 2.3%). In comparison to these forecasts, the latest published core PCE data was only 2.6%. Goldman Sachs stated that the U.S. dollar weakened due to tariff news, and this weakening amplified the direct impact of tariffs on prices rather than offsetting it.

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