Goldman Sachs: 'Significant' decline next year in Inflation

(New York, NY) -- One of the nation's largest investment banks says inflation is expected to ease in a "significant" way next year.

Goldman Sachs made that prediction while talking about the Federal Reserve's preferred way to measure inflation, the core personal consumption expenditure index, or PCE.

Goldman says that'll fall to just under three-percent by the end of next year. The note from Goldman follows the S&P 500 closing out its best week since June.

The rally was helped by a better then expected inflation number.