Goldman: "The 2018 Inflation Rebound"

A few brief excerpts from a note by Goldman Sachs economist Daan Struyven: The 2018 Inflation Rebound Using our top-down and bottom-up core PCE models, we project that both macroeconomic fundamentals as well as sector-specific factors are likely to push core inflation meaningfully higher this year . ... We highlight three key drivers of the core PCE acceleration to 1.8% by end-2018 in our forecast: a 0.15pp boost from the pass-through from higher energy prices and a weaker dollar, a 0.1-0.15pp lift from a tighter labor market, and a 0.1pp jump from the Verizon effect dropping out. ... We .........(read more)

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