Goldman Sachs Raises Q1 GDP Estimate and Core CPI Analysis
Monday, 8 April 2024, 13:49
Goldman Sachs Forecast Analysis
Goldman Sachs has released its insights on the Q1 GDP tracking estimate and core CPI report for the week. The estimation includes a +0.27% rise in core CPI and adjustments in various sectors. The analysis touches upon the impacts of apparel prices, airfares, car prices, rent, OER, car insurance, and hotel lodging.
Key Points:
- Core CPI: Forecasted at +0.27%
- GDP Estimate: Revised to 2.5% for Q1
- Employment vs. Population Growth: Highlights underlying trends
- Significance of Second Decimal Place: Stresses the importance
The article also delves into the analysis of employment trends, average hourly earnings growth, and the impact on the US dollar amidst Treasury yield fluctuations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.