Goldman Sachs: The Fed Has Room for Patience, Inflation Eases Temporarily but Pressure Remains

Odaily News: Alexandra Wilson-Elizondo from Goldman Sachs Asset Management stated that markets had already prepared for strong inflation data, so today's data, which aligned with expectations, provided some slight relief. However, this might be the best overall inflation reading we see for some time, as the data may only partially reflect the full impact of the Iran conflict, which once pushed U.S. crude oil and gasoline prices up by about 70%. She added, "The Fed has room for patience, and there are good reasons for it to do so. Today's data buys the Fed time, but the real test still lies ahead." (Jin10)