TechFlow news — Goldman Sachs CEO David Solomon noted that the risk of a U.S. economic recession has significantly decreased compared to 12 months ago, with a soft landing becoming more likely. He also highlighted that Asia's fast-growing economy will attract increasing international capital into its regional capital markets over the long term.
Looking ahead, Solomon believes U.S. inflation has eased somewhat but remains above the Federal Reserve’s 2% target. In his view, inflation will continue to influence the domestic economy for some time. While he does not rule out the possibility of further rate hikes if inflation rebounds, he considers additional rate increases this year unlikely. However, one or two rate hikes could occur next year. Despite numerous uncertainties facing the U.S. economy, the overall probability of a soft landing remains high.
