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00:02Goldman Sachs CEO David Solomon said Wednesday it could take a couple of weeks for investors
00:07to digest the short and medium-term implications, according to Reuters.
00:11Speaking at a business summit in Sydney, Solomon said markets often react in a muted
00:16way to geopolitical events unless they directly affect economic growth. He said that, setting
00:21aside the Middle East conflict, strong macroeconomic tailwinds make the U.S. growth outlook compelling.
00:26He added there is a reasonable probability the economy runs hot this year, which could
00:31push inflation slightly above consensus expectations. He said U.S. private credit portfolios have
00:37generally performed well due to economic resilience, but warned that in a slowdown or recession,
00:42weakened lending standards from competition to deploy capital would become more visible.
00:47For all things money, visit Benzinga.com.
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