Prices are skyrocketing. Goldman Sachs says prices will go even higher_老虎社区_美港股上老虎

Prices are skyrocketing. Goldman Sachs says prices will go even higher

CNN2021-11-09

New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars. Unfortunately, it's going to take longer than ...

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Kelvink73
·2021-11-09
Yes, prices have been going up.
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bohobird
·2021-11-09
Ok
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- dannytayjy:
  Ok
  2021-11-09
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mwlnairda
·2021-11-09
Ok
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7
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- dogeking:
  Ok
  2021-11-09
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- Xav:
  Ok lo
  2021-11-09
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- Jeffso:
  Ok
  2021-11-09
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xiaojn
·2021-11-09
Ok
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6
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- mwlnairda:
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  2021-11-09
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Yongqi
·2021-11-09
Ok
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- woshihui:
  nice
  2021-11-09
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- Wins888:
  shiok ah
  2021-11-09
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- nuttywalnut:
  Ok
  2021-11-09
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ColeHii
·2021-11-09
👍🏻
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- Yongqi:
  Ok
  2021-11-09
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- Diamondhand6:
  Ok
  2021-11-09
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- lynnnn:
  [微笑]
  2021-11-09
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JaydenNg
·2021-11-09
Likeeeee
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8
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- ColeHii:
  👍🏻
  2021-11-09
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JoeKun
·2021-11-09
Ok
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Godchok
·2021-11-09
Like pls
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- VictorYean:
  done
  2021-11-09
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JulianAlson
·2021-11-09
K
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- Godchok:
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Goldman Sachs says prices will go even higher","media":"CNN","content":"<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">网页链接</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","article_id":"1151111395","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","pubTimestamp":1636436840,"sourceInfo":null,"weMediaInfo":null,"summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","collect":0,"end_time":0,"defaultTopTitle":"cnn.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"物价飞涨。高盛称价格会更高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":844517102,"gmtCreate":1636440238191,"gmtModify":1636440238475,"author":{"id":"3586752204475642","authorId":"3586752204475642","name":"Kelvink73","avatar":"https://static.tigerbbs.com/8c719c2e9dfb696800beef6e2afa018a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Yes, prices have been going up.","listText":"Yes, prices have been going up.","text":"Yes, prices have been going up.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844517102","repostId":1151111395,"repostType":4,"repost":{"id":"1151111395","pubTimestamp":1636436840,"share":"https://www.laohu8.com/m/news/1151111395?lang=&edition=full","pubTime":"2021-11-09 13:47","market":"us","language":"en","title":"Prices are skyrocketing. Goldman Sachs says prices will go even higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","media":"CNN","summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","content":"<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.</p>\n<p>Unfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.</p>\n<p>\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.</p>\n<p>Like much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.</p>\n<p>Due to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.</p>\n<p>That's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.</p>\n<p>The inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.</p>\n<p>Instead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.</p>\n<p><b>30-year high for inflation</b></p>\n<p>Annual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.</p>\n<p>The Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.</p>\n<p>\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"</p>\n<p>Everyday Americans seem to agree.</p>\n<p>Consumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.</p>\n<p>The Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.</p>\n<p>The good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.</p>\n<p>\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.</p>\n<p>In other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.</p>\n<p><b>Risks tilted towards more, not less, inflation</b></p>\n<p>Still, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.</p>\n<p>Likewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.</p>\n<p>That's well above the Fed's 2% goal and may keep anxiety about the economy high.</p>\n<p>As Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.</p>\n<p>\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151111395","content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":844512092,"gmtCreate":1636439680810,"gmtModify":1636439680918,"author":{"id":"4094629900226550","authorId":"4094629900226550","name":"bohobird","avatar":"https://static.tigerbbs.com/619d56a6480acc6768e06ff1ef7a6eb4","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844512092","repostId":1151111395,"repostType":4,"repost":{"id":"1151111395","pubTimestamp":1636436840,"share":"https://www.laohu8.com/m/news/1151111395?lang=&edition=full","pubTime":"2021-11-09 13:47","market":"us","language":"en","title":"Prices are skyrocketing. Goldman Sachs says prices will go even higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","media":"CNN","summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","content":"<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.</p>\n<p>Unfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.</p>\n<p>\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.</p>\n<p>Like much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.</p>\n<p>Due to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.</p>\n<p>That's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.</p>\n<p>The inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.</p>\n<p>Instead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.</p>\n<p><b>30-year high for inflation</b></p>\n<p>Annual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.</p>\n<p>The Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.</p>\n<p>\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"</p>\n<p>Everyday Americans seem to agree.</p>\n<p>Consumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.</p>\n<p>The Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.</p>\n<p>The good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.</p>\n<p>\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.</p>\n<p>In other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.</p>\n<p><b>Risks tilted towards more, not less, inflation</b></p>\n<p>Still, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.</p>\n<p>Likewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.</p>\n<p>That's well above the Fed's 2% goal and may keep anxiety about the economy high.</p>\n<p>As Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.</p>\n<p>\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151111395","content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6509634,"gmtCreate":1636440225998,"gmtModify":1636440226031,"authorId":3584851873772781,"author":{"id":3584851873772781,"authorId":3584851873772781,"name":"dannytayjy","avatar":"https://static.tigerbbs.com/c5389b99d2b7d7c19400102c0b55a9dc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844512092,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":844519761,"gmtCreate":1636439123578,"gmtModify":1636439140021,"author":{"id":"3567423611057591","authorId":"3567423611057591","name":"mwlnairda","avatar":"https://static.tigerbbs.com/98729f78c147e999683a15cff1ffbc62","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/844519761","repostId":1151111395,"repostType":4,"repost":{"id":"1151111395","pubTimestamp":1636436840,"share":"https://www.laohu8.com/m/news/1151111395?lang=&edition=full","pubTime":"2021-11-09 13:47","market":"us","language":"en","title":"Prices are skyrocketing. Goldman Sachs says prices will go even higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","media":"CNN","summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","content":"<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.</p>\n<p>Unfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.</p>\n<p>\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.</p>\n<p>Like much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.</p>\n<p>Due to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.</p>\n<p>That's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.</p>\n<p>The inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.</p>\n<p>Instead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.</p>\n<p><b>30-year high for inflation</b></p>\n<p>Annual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.</p>\n<p>The Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.</p>\n<p>\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"</p>\n<p>Everyday Americans seem to agree.</p>\n<p>Consumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.</p>\n<p>The Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.</p>\n<p>The good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.</p>\n<p>\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.</p>\n<p>In other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.</p>\n<p><b>Risks tilted towards more, not less, inflation</b></p>\n<p>Still, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.</p>\n<p>Likewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.</p>\n<p>That's well above the Fed's 2% goal and may keep anxiety about the economy high.</p>\n<p>As Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.</p>\n<p>\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151111395","content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6509624,"gmtCreate":1636440147951,"gmtModify":1636440147985,"authorId":3582019561380962,"author":{"id":3582019561380962,"authorId":3582019561380962,"name":"dogeking","avatar":"https://static.tigerbbs.com/3b3bb5a9aae2ee1579b02dfd0a867ec0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844519761,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6509551,"gmtCreate":1636439381722,"gmtModify":1636439381815,"authorId":3552300010636249,"author":{"id":3552300010636249,"authorId":3552300010636249,"name":"Xav","avatar":"https://static.tigerbbs.com/0a3685fb5cad038c0cc06fad33863aeb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844519761,"type":1,"supId":0,"prevId":0,"content":"Ok lo","text":"Ok lo","html":"Ok lo"},{"id":6509549,"gmtCreate":1636439375029,"gmtModify":1636439375136,"authorId":3582756157113197,"author":{"id":3582756157113197,"authorId":3582756157113197,"name":"Jeffso","avatar":"https://static.tigerbbs.com/45c271a09ee55b5060316ef385a6b9d7","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844519761,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":844519332,"gmtCreate":1636439039020,"gmtModify":1636439039271,"author":{"id":"3554893275482082","authorId":"3554893275482082","name":"xiaojn","avatar":"https://static.tigerbbs.com/1d013f63de4e09aaf06a8ae8cf90aeb8","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844519332","repostId":1151111395,"repostType":4,"repost":{"id":"1151111395","pubTimestamp":1636436840,"share":"https://www.laohu8.com/m/news/1151111395?lang=&edition=full","pubTime":"2021-11-09 13:47","market":"us","language":"en","title":"Prices are skyrocketing. Goldman Sachs says prices will go even higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","media":"CNN","summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","content":"<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.</p>\n<p>Unfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.</p>\n<p>\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.</p>\n<p>Like much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.</p>\n<p>Due to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.</p>\n<p>That's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.</p>\n<p>The inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.</p>\n<p>Instead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.</p>\n<p><b>30-year high for inflation</b></p>\n<p>Annual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.</p>\n<p>The Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.</p>\n<p>\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"</p>\n<p>Everyday Americans seem to agree.</p>\n<p>Consumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.</p>\n<p>The Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.</p>\n<p>The good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.</p>\n<p>\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.</p>\n<p>In other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.</p>\n<p><b>Risks tilted towards more, not less, inflation</b></p>\n<p>Still, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.</p>\n<p>Likewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.</p>\n<p>That's well above the Fed's 2% goal and may keep anxiety about the economy high.</p>\n<p>As Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.</p>\n<p>\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151111395","content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6509526,"gmtCreate":1636439129091,"gmtModify":1636439129126,"authorId":3567423611057591,"author":{"id":3567423611057591,"authorId":3567423611057591,"name":"mwlnairda","avatar":"https://static.tigerbbs.com/98729f78c147e999683a15cff1ffbc62","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844519332,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":844535558,"gmtCreate":1636438588068,"gmtModify":1636438588384,"author":{"id":"3584768136673058","authorId":"3584768136673058","name":"Yongqi","avatar":"https://static.tigerbbs.com/3a99d7310fc3da59d344d6a477031fc1","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/844535558","repostId":1151111395,"repostType":4,"repost":{"id":"1151111395","pubTimestamp":1636436840,"share":"https://www.laohu8.com/m/news/1151111395?lang=&edition=full","pubTime":"2021-11-09 13:47","market":"us","language":"en","title":"Prices are skyrocketing. Goldman Sachs says prices will go even higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","media":"CNN","summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","content":"<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.</p>\n<p>Unfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.</p>\n<p>\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.</p>\n<p>Like much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.</p>\n<p>Due to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.</p>\n<p>That's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.</p>\n<p>The inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.</p>\n<p>Instead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.</p>\n<p><b>30-year high for inflation</b></p>\n<p>Annual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.</p>\n<p>The Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.</p>\n<p>\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"</p>\n<p>Everyday Americans seem to agree.</p>\n<p>Consumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.</p>\n<p>The Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.</p>\n<p>The good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.</p>\n<p>\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.</p>\n<p>In other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.</p>\n<p><b>Risks tilted towards more, not less, inflation</b></p>\n<p>Still, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.</p>\n<p>Likewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.</p>\n<p>That's well above the Fed's 2% goal and may keep anxiety about the economy high.</p>\n<p>As Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.</p>\n<p>\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151111395","content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6509519,"gmtCreate":1636439015329,"gmtModify":1636439015362,"authorId":3576497026121990,"author":{"id":3576497026121990,"authorId":3576497026121990,"name":"woshihui","avatar":"https://static.tigerbbs.com/16c7aa4a45306830522180ff7b026e56","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844535558,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"},{"id":6509506,"gmtCreate":1636438858777,"gmtModify":1636438858875,"authorId":3573623994106312,"author":{"id":3573623994106312,"authorId":3573623994106312,"name":"Wins888","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844535558,"type":1,"supId":0,"prevId":0,"content":"shiok <u>ah</u>","text":"shiok <u>ah</u>","html":"shiok <u>ah</u>"},{"id":6509498,"gmtCreate":1636438728495,"gmtModify":1636438728593,"authorId":3583202996390017,"author":{"id":3583202996390017,"authorId":3583202996390017,"name":"nuttywalnut","avatar":"https://static.tigerbbs.com/1953cd597f306dd73a4217954bdffbe0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844535558,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":844538362,"gmtCreate":1636438086494,"gmtModify":1636438086856,"author":{"id":"3569303342488537","authorId":"3569303342488537","name":"ColeHii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/844538362","repostId":1151111395,"repostType":4,"repost":{"id":"1151111395","pubTimestamp":1636436840,"share":"https://www.laohu8.com/m/news/1151111395?lang=&edition=full","pubTime":"2021-11-09 13:47","market":"us","language":"en","title":"Prices are skyrocketing. Goldman Sachs says prices will go even higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","media":"CNN","summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","content":"<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.</p>\n<p>Unfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.</p>\n<p>\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.</p>\n<p>Like much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.</p>\n<p>Due to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.</p>\n<p>That's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.</p>\n<p>The inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.</p>\n<p>Instead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.</p>\n<p><b>30-year high for inflation</b></p>\n<p>Annual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.</p>\n<p>The Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.</p>\n<p>\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"</p>\n<p>Everyday Americans seem to agree.</p>\n<p>Consumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.</p>\n<p>The Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.</p>\n<p>The good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.</p>\n<p>\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.</p>\n<p>In other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.</p>\n<p><b>Risks tilted towards more, not less, inflation</b></p>\n<p>Still, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.</p>\n<p>Likewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.</p>\n<p>That's well above the Fed's 2% goal and may keep anxiety about the economy high.</p>\n<p>As Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.</p>\n<p>\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151111395","content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6509485,"gmtCreate":1636438594827,"gmtModify":1636438594862,"authorId":3584768136673058,"author":{"id":3584768136673058,"authorId":3584768136673058,"name":"Yongqi","avatar":"https://static.tigerbbs.com/3a99d7310fc3da59d344d6a477031fc1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844538362,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6509471,"gmtCreate":1636438453137,"gmtModify":1636438453166,"authorId":3568696694714874,"author":{"id":3568696694714874,"authorId":3568696694714874,"name":"Diamondhand6","avatar":"https://static.tigerbbs.com/3d95004a1d764b1b82eacaa7b9537269","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844538362,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6509461,"gmtCreate":1636438406570,"gmtModify":1636438406601,"authorId":3582008604601169,"author":{"id":3582008604601169,"authorId":3582008604601169,"name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844538362,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"CN"},{"id":844531349,"gmtCreate":1636438002091,"gmtModify":1636438002368,"author":{"id":"3574894755868229","authorId":"3574894755868229","name":"JaydenNg","avatar":"https://static.tigerbbs.com/26dc5bdc12b4163b2931f9a4fe2c6713","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Likeeeee&nbsp;","listText":"Likeeeee&nbsp;","text":"Likeeeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844531349","repostId":1151111395,"repostType":4,"repost":{"id":"1151111395","pubTimestamp":1636436840,"share":"https://www.laohu8.com/m/news/1151111395?lang=&edition=full","pubTime":"2021-11-09 13:47","market":"us","language":"en","title":"Prices are skyrocketing. Goldman Sachs says prices will go even higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","media":"CNN","summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","content":"<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.</p>\n<p>Unfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.</p>\n<p>\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.</p>\n<p>Like much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.</p>\n<p>Due to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.</p>\n<p>That's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.</p>\n<p>The inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.</p>\n<p>Instead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.</p>\n<p><b>30-year high for inflation</b></p>\n<p>Annual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.</p>\n<p>The Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.</p>\n<p>\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"</p>\n<p>Everyday Americans seem to agree.</p>\n<p>Consumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.</p>\n<p>The Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.</p>\n<p>The good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.</p>\n<p>\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.</p>\n<p>In other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.</p>\n<p><b>Risks tilted towards more, not less, inflation</b></p>\n<p>Still, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.</p>\n<p>Likewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.</p>\n<p>That's well above the Fed's 2% goal and may keep anxiety about the economy high.</p>\n<p>As Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.</p>\n<p>\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151111395","content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6509437,"gmtCreate":1636438095452,"gmtModify":1636438095479,"authorId":3569303342488537,"author":{"id":3569303342488537,"authorId":3569303342488537,"name":"ColeHii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844531349,"type":1,"supId":0,"prevId":0,"content":"👍🏻","text":"👍🏻","html":"👍🏻"}],"langContent":"CN"},{"id":844533881,"gmtCreate":1636437925894,"gmtModify":1636437926083,"author":{"id":"4087524360121530","authorId":"4087524360121530","name":"JoeKun","avatar":"https://static.tigerbbs.com/a543b7a138549431b97b6bee2bc9e956","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844533881","repostId":1151111395,"repostType":4,"repost":{"id":"1151111395","pubTimestamp":1636436840,"share":"https://www.laohu8.com/m/news/1151111395?lang=&edition=full","pubTime":"2021-11-09 13:47","market":"us","language":"en","title":"Prices are skyrocketing. Goldman Sachs says prices will go even higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","media":"CNN","summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","content":"<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.</p>\n<p>Unfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.</p>\n<p>\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.</p>\n<p>Like much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.</p>\n<p>Due to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.</p>\n<p>That's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.</p>\n<p>The inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.</p>\n<p>Instead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.</p>\n<p><b>30-year high for inflation</b></p>\n<p>Annual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.</p>\n<p>The Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.</p>\n<p>\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"</p>\n<p>Everyday Americans seem to agree.</p>\n<p>Consumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.</p>\n<p>The Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.</p>\n<p>The good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.</p>\n<p>\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.</p>\n<p>In other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.</p>\n<p><b>Risks tilted towards more, not less, inflation</b></p>\n<p>Still, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.</p>\n<p>Likewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.</p>\n<p>That's well above the Fed's 2% goal and may keep anxiety about the economy high.</p>\n<p>As Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.</p>\n<p>\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151111395","content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":844596199,"gmtCreate":1636437340515,"gmtModify":1636437340982,"author":{"id":"3569413860916910","authorId":"3569413860916910","name":"Godchok","avatar":"https://static.tigerbbs.com/612b599840527576c9e54717db23827a","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844596199","repostId":1151111395,"repostType":4,"repost":{"id":"1151111395","pubTimestamp":1636436840,"share":"https://www.laohu8.com/m/news/1151111395?lang=&edition=full","pubTime":"2021-11-09 13:47","market":"us","language":"en","title":"Prices are skyrocketing. Goldman Sachs says prices will go even higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","media":"CNN","summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","content":"<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.</p>\n<p>Unfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.</p>\n<p>\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.</p>\n<p>Like much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.</p>\n<p>Due to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.</p>\n<p>That's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.</p>\n<p>The inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.</p>\n<p>Instead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.</p>\n<p><b>30-year high for inflation</b></p>\n<p>Annual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.</p>\n<p>The Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.</p>\n<p>\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"</p>\n<p>Everyday Americans seem to agree.</p>\n<p>Consumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.</p>\n<p>The Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.</p>\n<p>The good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.</p>\n<p>\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.</p>\n<p>In other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.</p>\n<p><b>Risks tilted towards more, not less, inflation</b></p>\n<p>Still, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.</p>\n<p>Likewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.</p>\n<p>That's well above the Fed's 2% goal and may keep anxiety about the economy high.</p>\n<p>As Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.</p>\n<p>\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151111395","content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6509440,"gmtCreate":1636438153651,"gmtModify":1636438153754,"authorId":3577178211563520,"author":{"id":3577178211563520,"authorId":3577178211563520,"name":"VictorYean","avatar":"https://static.tigerbbs.com/dfd359ebb462b888a215a15edb69166c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844596199,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"CN"},{"id":844596360,"gmtCreate":1636437330869,"gmtModify":1636437334867,"author":{"id":"3575352038769618","authorId":"3575352038769618","name":"JulianAlson","avatar":"https://static.tigerbbs.com/a4f9fadbfd2a54fe54a080c1732d41f9","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/844596360","repostId":1151111395,"repostType":4,"repost":{"id":"1151111395","pubTimestamp":1636436840,"share":"https://www.laohu8.com/m/news/1151111395?lang=&edition=full","pubTime":"2021-11-09 13:47","market":"us","language":"en","title":"Prices are skyrocketing. Goldman Sachs says prices will go even higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151111395","media":"CNN","summary":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with pr","content":"<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.</p>\n<p>Unfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.</p>\n<p>\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.</p>\n<p>Like much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.</p>\n<p>Due to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.</p>\n<p>That's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.</p>\n<p>The inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.</p>\n<p>Instead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.</p>\n<p><b>30-year high for inflation</b></p>\n<p>Annual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.</p>\n<p>The Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.</p>\n<p>\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"</p>\n<p>Everyday Americans seem to agree.</p>\n<p>Consumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.</p>\n<p>The Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.</p>\n<p>The good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.</p>\n<p>\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.</p>\n<p>In other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.</p>\n<p><b>Risks tilted towards more, not less, inflation</b></p>\n<p>Still, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.</p>\n<p>Likewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.</p>\n<p>That's well above the Fed's 2% goal and may keep anxiety about the economy high.</p>\n<p>As Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.</p>\n<p>\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prices are skyrocketing. Goldman Sachs says prices will go even higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrices are skyrocketing. Goldman Sachs says prices will go even higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than ...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/11/08/economy/inflation-economy-goldman-sachs/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151111395","content_text":"New York (CNN Business)Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars.\nUnfortunately, it's going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night.\n\"The inflation overshoot will likely get worse before it gets better,\" the bank's economists wrote in a research report.\nLike much of Wall Street and the Federal Reserve, Goldman Sachs had been anticipating high prices would swiftly come back to earth. Now, there is a realization that inflation will be sticking around longer as supply struggles to keep up with surging demand.\nDue to \"prolonged\" supply-demand imbalances, soaring wages and rising rent amid the housing boom, inflation metrics will remain \"quite high for much of next year,\" Goldman Sachs conceded.\nThat's bad news for Americans struggling with the high cost of living, as well as businesses squeezed by shortages and rising prices. Low-income families and those living on a fixed budget are hurt the most by rising prices on necessities like gas, food and clothing.\nThe inflation forecast is also a setback for the White House because high prices and supply chain problems are souring Americans' views on the US economy — which had been expected to be a strongpoint for President Joe Biden this year.\nInstead, nearly two-thirds of Americans described the economy as poor in a poll released last week. Nearly half expect the economy to get worse in the next year.\n30-year high for inflation\nAnnual inflation climbed at the fastest pace in more than 30 years during September, according to the Commerce Department. That's based on the 4.4% increase in the personal consumption expenditures price index. Excluding food and energy, core PCE, the Fed's preferred inflation metric, rose 3.6% in August and September, the fastest pace since May 1991.\nThe Fed has now changed its tune on inflation, acknowledging that high prices won't go away anytime soon.\n\"We see shortages and bottlenecks persisting into next year, well into next year,\" Fed Chairman Jerome Powell told reporters during a press conference last week. \"We see higher inflation persisting.\"\nEveryday Americans seem to agree.\nConsumers are now expecting prices to rise by 5.7% over the next year, according to a survey released Monday by the NY Federal Reserve. That marks the highest level since the survey began in June 2013 and the 12th consecutive monthly increase.\nThe Fed watches these surveys closely because expectations of high inflation can change consumer and business behavior, creating a self-fulfilling prophesy.\nThe good news is that Goldman Sachs says its core view remains that supply-demand imbalances will \"largely work themselves out, leaving inflation near the Fed's goal.\" That jives with what Powell has said in recent weeks.\n\"We do not think that aggregate demand is on an unsustainable trajectory or that inflation expectations have become unanchored, and the overshoot should therefore ultimately prove transitory,\" Goldman Sachs economists wrote in the report.\nIn other words, the Fed likely won't need to slam the brakes on the economy to fight inflation through sharp interest rate hikes.\nRisks tilted towards more, not less, inflation\nStill, Goldman Sachs expects core PCE inflation to rise from the current 30-year high of 3.6% to 4.4% by the end of 2021. The Fed's preferred inflation metric is expected to eventually cool off to 2.3% at the end of 2022 and 2.1% at the end of 2023.\nLikewise, core consumer prices are expected to remain in the mid-5% range for \"much of the winter,\" before easing to 4% next summer and 3.2% at the end of 2022, Goldman Sachs said.\nThat's well above the Fed's 2% goal and may keep anxiety about the economy high.\nAs Powell said during his press conference, there remains vast uncertainty over the inflation outlook. No one can say for certain when prices will get back to normal.\n\"The risks to our forecast are probably tilted to the upside,\" Goldman Sachs acknowledged.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6509367,"gmtCreate":1636437346208,"gmtModify":1636437346316,"authorId":3569413860916910,"author":{"id":3569413860916910,"authorId":3569413860916910,"name":"Godchok","avatar":"https://static.tigerbbs.com/612b599840527576c9e54717db23827a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":844596360,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":35,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}