Goldman CEO says higher oil prices could shift consumer behavior in second half of 2026
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Goldman Sachs Group, Inc. GS | 0.00 |
NEW YORK, June 2 (Reuters) - Goldman Sachs GS.N CEO David Solomon expects consumer behavior to change in the second half of 2026 if higher oil prices due to the Iran conflict fuel inflation.
"You're going to see more shifts in consumer behaviour," Solomon said at an Economic Club of New York event, adding that expectations of interest-rate cut have also gone down materially for the rest of the year.
