US January CPI Slows to 2.4% Annual Rate, Slightly Below Forecasts

The statement that Goldman Sachs forecasted the US Consumer Price Index (CPI) for January to fall to 2.5% and expected two interest rate cuts is well supported by credible and relevant evidence. The official Goldman Sachs Macroeconomics and Insights pages are authoritative sources that regularly publish forecasts on inflation and monetary policy, lending strong credibility to this claim. Independent financial news reports, including major outlets such as CNBC, accurately cite Goldman Sachs research indicating an expectation for January CPI to ease to around 2.5%, consistent with market consensus at the time. These reports also mention the firm's outlook of two interest rate cuts by the Federal Reserve during the forecast period, reflecting their official published stance. Additional supporting evidence from other financial media highlights similar rate-cut expectations tied to progress in inflation normalization. None of the reviewed sources present contradictions or alternative forecasts that clearly refute the statement. Taken together, the convergence of Goldman Sachs’ own pages and multiple independent confirmations from high-authority financial journalism provides robust support, making the statement highly probable and credible.