Goldman Sachs says it expects core inflation under 3% by the end of 2023

Morgan Stanley had a very aggressive view on inflation earlier:

• Morgan Stanley forecast US CPI to be under 2.0%y/y by the end of 2023

Now, via Goldman Sachs, analysts there are expecting a 'significant' fall for inflation in 2023. Forecasting the rate of core PCE from 5.1% currently:

• to 2.9% by December 2023