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Goldman Sees U.S. Inflation Peaking Now and Recession Risk Rising

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WATCH: Goldman Sachs Co-head of Global Private Wealth Management Meena Lakdawala-Flynn says U.S. inflation is peaking.Source: Bloomberg
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Goldman Sachs Group Inc. expects U.S. inflation to come in below 4% this year, while growth in equities will be relatively flat, according to Meena Lakdawala-Flynn.

“In the U.S., we do think that inflation is peaking right about now,” Lakdawala-Flynn, co-head of global private wealth management at the bank, said Thursday at the Bloomberg Wealth Summit in New York. “We think the probability of a recession has increased in 2023.”