The last time Goldman was this convinced of a happy ending was the summer/fall of 2021 when the bank breathless scrambled to convince anyone listening that inflation was transitory, and that the Fed may hike a coupled times in 2022, tops.
This never gets old: Goldman's inflation forecasts by month.
— zerohedge (@zerohedge) November 14, 2021
At some point they may even get it right pic.twitter.com/3Dj6Hw6coB
Of course we now know that the vampire squid was dead wrong, and not only is the Fed about to hike to a Volckeresque 5.50%, but it now appears that inflation will be far stickier than anyone had expected and it's only a matter of time before the Fed will have to raise its long-term inflation target to 3%.
