Goldman Sachs: Rising Risks to Fed Independence, Inflation Data May Take a Back Seat in Markets

ChainCatcher News, according to Jinse Finance, Alexandra El-Erian, Global Co-Chief Investment Officer of Multi-Asset Solutions at Goldman Sachs Asset Management, stated that the CPI data released today is a welcome piece of hard data. However, as the market increasingly focuses on the risks to the Federal Reserve's independence, inflation data may shift from being a primary market trigger to a background constraint. Goldman Sachs still prefers to go long on risk assets, avoiding chasing short-term news hotspots, and instead focuses on themes with sustainability and tradability.