Goldman CEO says higher oil prices could shift consumer behavior in second half of 2026
02/06/2026 17:41
Goldman CEO says higher oil prices could shift consumer behavior in second half of 2026 NEW YORK, June 2 (Reuters) - Goldman Sachs GS.N CEO David Solomon expects consumer behavior to change in the second half of 2026 if higher oil prices due to the Iran conflict fuel inflation.
"You're going to see more shifts in consumer behaviour," Solomon said at an Economic Club of New York event, adding that expectations of interest-rate cut have also gone down materially for the rest of the year.
(Reporting by Saeed Azhar in New York and Manya Saini in Bengaluru; Editing by Arun Koyyur)
((Saeed.Azhar@thomsonreuters.com; +1 347 908-6341; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))
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