Goldman Sachs Says Inflation Fight Is Almost Over With No Recession in Sight

The Federal Reserve's inflation fight is all but over, there is no recession in sight and interest rates will start coming down around this time next year, according to a new forecast from Goldman Sachs Economics Research.

"The hard part of the inflation fight now looks over," Goldman Sachs economists declared in a note on Sunday.

The latest reading on inflation comes out Tuesday with the release of the consumer price index for October. Economists polled by Dow Jones expect it to drop to 3.3% on an annualized basis, down from September’s 3.7%.