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Goldman Sachs CEO says inflation is going to be even more sticky - bumpy 18 months ahead

Goldman Sachs CEO says inflation is going to be even more sticky - bumpy 18 months ahead

Central Banks
By Eamonn Sheridan
28/02/2023 | 23:24 GMT

Goldman Sachs CEO David Solomon spoke Tuesday, US time. With the warning:

  • says inflation is going to be 'stickier', harder to moderate
  • says anyone running a business has to be prepared for a bumpy 12-18 months

The Federal Open Market Committee (FOMC) 'higher for longer' view is getting more and more currency.

Also comments re China:

  • operating in China will get tougher over the next couple of years
  • we will continue to serve clients in China
Remarks from the CEO of GS, David Solomon.

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