Goldman CEO David Solomon says US economy still ‘chugging along,’ chance of recession quite small


    Goldman Sachs CEO David Solomon said Wednesday the chances of a recession are quite small, even though the rate of economic growth is slowing.

      M&A activity will continue pace in this market, says Goldman Sachs CEO David Solomon

      U.S. stocks are off to a flying start to the year, but worries about the economy remain. The New York Federal Reserve said in a report that a record number of Americans are 90 days behind on their car payments.Meanwhile, optimism among small business owners fell for a fifth straight month in January.

      These worries come while the U.S. and China try to strike a trade deal. Both countries have until early March to come to terms on trade. If that does not happen, additional U.S. tariffs on Chinese goods could take effect.

      “The market is coming to a point of view that there will be progress on the trade talks,” Solomon said. “That’s an important next step for investors.”

      WATCH: Goldman’s Solomon focused on current tax code

        Goldman's David Solomon: Focused on the current tax code

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