2023-06-12 18:37:58
David Solomon, CEO of Goldman Sachs, said on Monday that the ability of the US economy to recover is higher than expected, despite the continued high inflation.
Solomon added in an interview with CNBC that he expects capital markets activity, which had been “weak” in recent times, to recover.
“I expect capital markets activity to grow as we approach 2024,” Solomon told CNBC.
“People ultimately need capital. They can postpone some of these activities, but ultimately they cannot postpone them indefinitely,” he added.
Although fundraising and securities trading activities recovered, IPO volumes in the first quarter were the lowest since 2019.
In a related context, the dollar fell, on Monday, amid anticipation and caution from dealers before making monetary policy decisions this week from a number of major central banks, including the Federal Reserve (US Central Bank), in light of expectations that interest rates will remain unchanged for the first time since January. 2022.
Monetary policy meetings by central banks in the US, Europe and Japan are set to set the direction of the market this week, with markets touching clues from policymakers on the next path of interest rates.
US inflation data for May is also expected to be released on Tuesday, coinciding with the US central bank holding a two-day meeting.
The dollar index fell regarding 0.5 percent last week, marking its worst weekly performance since mid-April.
1686597054
#Goldman #Sachs #ability #economy #recover #higher #expected
