Goldman Sachs expects inflation to get worse over the winter.
Goldman Sachs believes inflation has not yet peaked. Axios reports:
“The current inflation surge will get worse this winter before it gets better,” Goldman Sachs Global Investment Research warns clients in a “2022 U.S. Economic Outlook.”
Driving the news: But Goldman expects the economy “to reaccelerate to a 4%+ growth pace over the next few quarters as the service sector continues to reopen, consumers spend part of their pent-up savings, and inventory restocking gets underway.”
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Notably, Goldman Sachs data starts with an inflation measurement that is one third lower than the reported inflation rate.
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CNBC’s Jim Cramer believes inflation is much worse than being reported.
“It’s Much Worse Than We Thought” – CNBC’s Jim Cramer Sounds the Alarm on Inflation in the US
Any American who has driven through a drive-through restaurant since Joe Biden took over knows inflation is worse than reported. Food at restaurants appears to be twice as costly as it was a year ago.
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