Goldman Sachs resets PCE inflation target after CPI bombshell

Goldman Sachs just sent a sobering warning to the Federal Reserve. After analyzing a "noisy" January CPI report, the firm’s economists, led by Jan Hatzius, officially reset their forecast for the Fed's favorite inflation gauge. The new target? A 3.05% year-over-year jump in core PCE. This isn't just a routine revision—it’s a brutal reality check for investors betting on a pivot. If Goldman is right, the "last mile" of the inflation fight is getting longer, and the window for interest rate cuts in the fir ...