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Goldman says a boom in consumer spending would 'increase the odds' of the Fed cutting back support this year
Goldman Sachs raised the prospect of a boom in consumer spending.
San Francisco Chronicle/Hearst Newspapers via Getty Images
Goldman raised the prospect of stronger-than-expected spending pushing core PCE inflation to 2.5% by year-end. This would "increase the odds" of the Fed cutting back on bond-buying sooner than expected. Yet, Goldman thinks it is most likely that inflation will hover below 2% and that the Fed will taper in 2022. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Goldman Sachs has raised the prospect of a bigger-than-expected boom in consumer...
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