2 reasons why Red Sea disruptions won't send inflation soaring again, according to Goldman Sachs

Mon, 01/29/2024 - 14:11

Goldman Sachs doesn't expect an inflation spike in the US fueled by turmoil in the Red Sea.
To be sure, Red Sea disruptions have caused freight costs to soar as much as 350%.
Yet, the situation is very different from the pandemic when shipping and inflation both jumped.

Shipping disruptions in the Red Sea have caused freight costs to spike, but the impact on inflation will remain muted, according to Goldman Sachs.