Goldman Sachs CEO Says Chance Of Soft Landing Has Risen "Very Meaningfully"; Economic Outlook Is Still Uncertain; The Fed Still Has Work To Do On Inflation; Inflation Likely To Be More 'Sticky' Vs Optimistic Views
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs CEO, David Solomon, in an interview with Reuters, stated that the chances of a soft landing have increased significantly, although the economic outlook remains uncertain. He also mentioned that the Federal Reserve still has work to do on inflation, which he believes will be more 'sticky' compared to optimistic views.
September 12, 2023 | 5:29 pm
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NEUTRAL IMPACT
Goldman Sachs CEO's comments on the economic outlook and inflation could influence investor sentiment towards the company.
As the CEO of Goldman Sachs, David Solomon's views on the economy and inflation can have a significant impact on investor sentiment towards the company. His comments suggest a cautious outlook, which could lead to uncertainty among investors, potentially affecting the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100