Goldman Sachs Revises Inflation Forecast Upward

Goldman Sachs now expects core inflation to reach 3.5% in 2025, half a percentage point higher than previous estimates, citing potential impacts from proposed tariffs. The investment bank also lowered its year-end S&P 500 target to 5,700 from 6,200, the lowest among major Wall Street strategists. The revision reflects concerns that trade policies could reaccelerate price pressures while simultaneously slowing economic growth, complicating the Federal Reserve's policy trajectory https://www.cnbc.com/2025/03/30/stock-market-today-live-updates.html