Goldman Sachs Is Prepared For Potential Recession: CEO Says Rates Could Climb As Inflation Persists
Portfolio Pulse from Adam Eckert
Goldman Sachs CEO David Solomon said the US economy has been resilient but remains uncertain. He believes there's a chance of a recession by the end of 2023 or in the first half of 2024. Solomon also mentioned that rates could climb as inflation persists.
June 12, 2023 | 4:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Goldman Sachs CEO David Solomon warns of potential recession and climbing rates due to persistent inflation, which may impact the company's stock price.
Goldman Sachs CEO David Solomon's warning of a potential recession and climbing rates due to persistent inflation may lead to increased uncertainty and negatively impact the company's stock price. As a major financial institution, Goldman Sachs is directly affected by economic conditions and interest rates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100