U.S. inflation hit a three‑year high in April 2026, driven primarily by higher oil prices linked to the Iran war.
Goldman Sachs Chief Executive David Solomon said continued inflation could alter consumer spending patterns in the second half of 2026, though data so far has not shown a broad sentiment shift.
Solomon expressed strong confidence in the Federal Reserve under its newly appointed Chair Kevin Warsh, noting economists expect rates to stay unchanged into the next year.
He highlighted upcoming large IPOs from SpaceX, OpenAI and Anthropic, which together could add nearly $4 trillion of market capitalisation; SpaceX is targeting a $1.75 trillion valuation.
Solomon dismissed concerns that these listings would drain investor capital, stating “there’s enough capital at this flow at this point.”
He observed that markets currently exhibit more greed than fear and sees opportunities to invest in new technologies.
Solomon also referenced a recent meeting with New York Mayor Zohran Mamdani, expressing hope that the mayor will support the broader business community.
