Economy

Goldman sees signs inflation is peaking, could be positive for stocks

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Traders on the floor of the NYSE, May 27, 2022.

Source: NYSE

Signs that inflation is at least starting to abate from a 40-year high could be a positive for stocks, according to Goldman Sachs.

Markets rallied Friday as a government report showed the pace of inflation slowed a bit in April, primarily due to falling gas prices but also from other factors that at least suggested the run-up was cooling.

Goldman analysts said history indicates the market will react positively when inflation shows signs of peaking.

“The market usually falls in the run up to the peak in headline inflation, just as we have seen in recent months,” a team of analysts led by Sharon Bell said in a note. “But after the…



Source cnbc.com

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