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Goldman CEO says higher oil prices could shift consumer behavior in second half of 2026
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Goldman CEO says higher oil prices could shift consumer behavior in second half of 2026
Jun 2, 2026 10:20 AM

NEW YORK, June 2 (Reuters) - Goldman Sachs ( GS ) 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)

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