Despite a pair of unexpectedly high inflation reports last week, Goldman Sachs analysts Spencer Hill,CFA and Ronnie Walker maintain their outlook for a steady return to the Federal Reserve’s 2% inflation target and anticipate rate cuts as early as the first half of this year. In a note shared Monday, Hill and Walker said that they are “not too concerned” about the robust figures presented in the January Consumer Price Index (CPI) and Producer Price Index (PPI) reports. They argue that January’s price changes often display cyclical volatility, a phenomenon they refer to as the “January effect,”…
