Home » ‘Problems have been solved’: Goldman: Concerns about inflation are overblown

‘Problems have been solved’: Goldman: Concerns about inflation are overblown

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‘Problems have been solved’: Goldman: Concerns about inflation are overblown

David Mericle, chief US economist at Goldman Sachs, believes market concerns about persistently high inflation are overblown.

In the Wall Street Bank’s in-house podcast, Mericle explained that the latest inflation data, which was surprisingly high, resulted primarily from lagged effects in car insurance and so-called home rentals. “It is important that this catch-up phase comes to an end,” says Mericle. He currently sees no signs of renewed inflation overheating, no tightening in the labor market or rising wages, and no increased inflation expectations.

“The problems that would lead to a persistent inflation problem were solved quite a while ago,” said the economist.

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