Goldman Sachs: Inflation Eases But Pressure Persists, Fed Has Room to Stay Patient

BlockBeats News, April 10, Alexandra Wilson-Elizondo of Goldman Sachs Asset Management stated that the market had already priced in strong inflation data, so today’s in-line data brought some relief. However, this may be the best overall inflation reading we see for some time, as the data may only partially reflect the full impact of the Iran conflict, which briefly pushed U.S. crude oil and gasoline prices up by about 70%. She added: “The Fed has room to be patient, and there are good reasons to do so. Today’s data bought the Fed some time, but the real test lies ahead.” (FXStreet)