Goldman Sachs CEO says inflation will stay higher than expected

<p>CEO of Goldman Sachs David Solomon spoke with Reuters in an interview Wednesday in Davos:</p><ul><li>expects the U.S. economy to avoid a big slowdown in 2024</li><li>warned that inflation could remain more stubborn than expected, negatively impact economic growth</li><li>"I still think there's a risk, particularly around labor, food, gas, that inflation could be stickier than people expect." </li></ul><p>The Federal Open Market Committee (FOMC) outlook from his analysts:</p><ul><li><a href="https://www.forexlive.com/centralbank/goldman-sachs-project-25bp-federal-reserve-march-rate-cut-followed-by-another-4-this-year-20240116/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs project 25bp Federal Reserve March rate cut, followed by another 4 this year</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.