Lates News

date
03/06/2026
Goldman Sachs CEO Solomon said that the prosperity of the stock market is driven by a desire for profits that exceeds concerns about economic turmoil and inflation risks. Solomon said on Tuesday, "The current situation is that greed outweighs fear, and funds are abundant." Solomon also admitted that the risk of worsening inflation could prompt the Federal Reserve to raise interest rates. He said, "I believe that inflation pressure is real. If inflation pressure exceeds expectations, I believe the Fed will take action."