Goldman CEO Warns Oil Prices May Shift Consumer Habits
Goldman Sachs CEO David Solomon expects consumer behavior to shift in the second half of 2026 if energy costs continue to drive inflation. While expressing confidence in the Federal Reserve, Solomon noted that current market sentiment reflects more greed than fear amid a wave of upcoming mega IPOs.
GOLDMAN SACHS GROUP INC CEO David Solomon stated that higher oil prices could trigger shifts in consumer behavior across the United States during the second half of 2026. Solomon noted that rising energy costs tied to conflict in Iran pushed inflation to a three-year high in April. The executive expects these price pressures to influence the Federal Reserve to maintain current interest rates well into next year.
### Inflation Risks and Consumer Sentiment Solomon told an Economic Club of New York event on June 2 that while current data does not yet show a pullback, a shift is likely if inflation accelerates. He noted that energy-driven price increases are the primary catalyst for this potential change in the second half of 2026.
