Goldman Sachs says US inflation will not fall as quickly as markets are currently pricing

A note from the investment bank issued on Friday. In it GS says:

• "Although we expect further declines in inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term going forward, markets appear considerably more optimistic than we are about the pace of cooling,"
• says investors are not taking note of the potential for "delayed-onset inflation" in sectors such as healthcare
• says a sharp deceleration in US economic growth will only have a limited chance of more rapid easing of price pressures