Goldman Sachs Predicts ‘Significant’ Decline in US Inflation in 2023
Goldman Sachs analysts highlighted key points that could contribute to lower inflation in the US by 2023.
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Goldman Sachs analysts highlighted key points that could contribute to lower inflation in the US by 2023.
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As the inflation data showed some relief, innovation stocks rallied hard pushing up the ARKK Innovation ETF to its biggest single-day gains.
As inflation data cooled down the markets reacted with a very strong rally. Ath the same time, the Treasury Yields also plunged.
The data has sent a positive signal to investors that inflation in the US has peaked, a good development for the broader economy.
The massive liquidity crisis at the FTX exchange has prompted calls for clear regulations in the US crypto market.
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Foxconn’s major production base in central China, with around 200,000 employees, is currently not operating.