The story for most of 2022 has been one of soaring inflation but with 2023 about to enter the frame, the plot appears to be taking a positive turn. The October inflation report came in much better than expected and took Wall Street by surprise. The good news, according to Goldman Sachs’ Chief Economist Jan Hatzius, is that the trend is set to continue into next year. “We expect a significant decline in inflation next year, with the core PCE measure falling from 5.1% currently to 2.9% by December 2023,” said Hatzius.