Goldman Sachs Sees Significant Decline in US Inflation Next Year

The logo for Goldman Sachs on the trading floor at the New York Stock Exchange (NYSE) in New York on Nov. 17, 2021. Andrew Kelly/Reuters

Economists at Goldman Sachs Group (GSG) are predicting that the present surge in U.S. inflation will significantly decline in 2023.

A team led by Goldman Sachs’ chief economist, Jan Hatzius, said that this would be led by three key factors: an ease in the supply chain crisis, a drop in housing prices, and slower wage growth, reported Bloomberg.