Goldman Sachs CEO David Solomon said Friday in his annual letter to shareholders that inflation may prove to be 'stickier' than previously anticipated.
Goldman Sachs CEO David Solomon warned Friday that inflation may prove more difficult to conquer than previously expected after back-to-back reports showed that price pressures within the U.S. economy rebounded at the start of the year. In his annual letter to shareholders, Solomon said he is optimistic about this year as his firm stands to benefit from a rebound in capital-markets activity , even though prices could remain abnormally high for some time.
WHY ARE GROCERIES STILL SO EXPENSIVE? High inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent. The burden is disproportionately borne by low-income Americans, whose already-stretched paychecks are heavily affected by price fluctuations.
Goldman Sachs CEO Inflation Price Pressures U.S. Economy Rebound Capital-Markets Activity Monetary Policy Fiscal Stimulus Recession Resilience Rate Cuts
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs CEO warns inflation may prove 'stickier' than expectedGoldman Sachs CEO David Solomon said Friday in his annual letter to shareholders that inflation may prove to be 'stickier' than previously anticipated.
Read more »
Goldman Sachs lifts S&P 500 target to 5,200, with Big Tech doing heavy liftingForecast comes ahead of crucial Nvidia earnings this week
Read more »
Coinbase Upgraded to Neutral as Goldman Sachs Ends Bearish StanceWill Canny is CoinDesk's finance reporter.
Read more »
Jim Cramer’s guide to investing: What Cramer learned at Goldman SachsCNBC's Jim Cramer told investors the most important investing advice he learned while working at Goldman Sachs.
Read more »
Brexit Britain has 'significantly underperformed' other advanced economies, Goldman Sachs saysPost-Brexit Britain has 'significantly underperformed' other advanced economies since the 2016 EU referendum, according to new analysis from Goldman Sachs.
Read more »
Goldman lays out the next phases of AI trade and stocks to play themThese stocks could benefit as the artificial intelligence boom matures, according to Goldman Sachs.
Read more »