Goldman CEO Says Rates Could Head Higher on Stickier Inflation
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Goldman Sachs Group Inc. Chief Executive Officer David Solomon said the Federal Reserve could still push interest rates higher as inflation remains stubbornly persistent.
“Inflation is a little bit stickier, and I do think, in the distribution of outcomes, there’s a reasonable chance that rates go higher,” Solomon said in an interview Monday with CNBC. “If they do that, it’s probably going to make the economic environment a little more challenging.”