Goldman Sachs CEO on Inflation: 'Economic Conditions Need to Get Tighter'
Solomon noted inflation is a “hard thing to crack,” but he is confident the Fed’s efforts to raise rates will get the situation under control.
Solomon noted inflation is a “hard thing to crack,” but he is confident the Fed’s efforts to raise rates will get the situation under control.
Rally in stock markets may prove to be short-lived as inflation pressures remain high and a recession seems increasingly likely.
Following inflation data showing worse-than-expected price increases in June, bond markets are now flashing signs of deeper investor concerns.
Wall Street strategists are starting to lose faith in stock market turning around this year. Strategists retain some positivity surrounding outlook.
As recession fears swirl on Wall Street, Citi says corporate profits may surprise many later this year.
When we were younger, there was a point when someone told us that a recession was defined as two consecutive quarters of negative GDP growth.
Strategists are split over whether earnings can provide the much-needed fuel for US equities in the second half of the year.