David Solomon, the CEO of Goldman Sachs, predicted that inflation would stay at an elevated level for some time and that consumers with lower incomes would find it to be” tougher” now.
” After decades of easy monetary policy and fiscal stimulus, economic problems tightened at the fastest rate in 40 years, and yet there was hardly a downturn”, Mr. Solomon wrote in a March 15 annual text to shareholders. ” The U. S. business has proven more resilient than expected, and markets are predicting price reductions, though I think prices may show stickier than some anticipate. Either approach, the cost of capital is nowadays significantly higher, and businesses are adjusting”. Businesses and multinational corporations are highlighting various socioeconomic contexts…
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