Hatzius, chief economist of Goldman Sachs, said U.S. inflation will continue to fall even if trade tariffs are imposed as the U.S. economy is in a "sweet spot."

Goldman says that despite popular belief, gold won't help your portfolio stave off inflation — and neither will bitcoin or other commodities.

Wall Street endured a topsy-turvy December 2024 and a rocky start to the new year, though things are looking much brighter now after this week's rally sparked by inflation data. Equities have been pressured by several reasons,

Goldman Sachs ( GS 6.02%), and Citigroup ( C 6.49%) were all higher by 5% or more for the day. There are two main reasons why these bank stocks are soaring. First, bank stocks kicked off fourth-quarter 2024's earnings season on Wednesday,

Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.

US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.

The central bank’s recent infusion of financial-market brawn includes Beth Hammack, who worked for three decades at Goldman Sachs.

The cost of living rose more in December than the month before, as rising energy costs hurt household budgets and stoked inflation. However, "core" prices were cooler, providing some hope for lower inflation in the coming months.

A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, but traders and investors warn that markets are likely to remain anxious about the pace of inflation.

Despite deregulation efforts and calls for increased production, U.S. oil drilling activity has fallen to near post-pandemic lows due to low oil prices, cost inflation, and changing industry dynamics.

Trump has delayed implementing tariffs on Canada and Mexico, leaving financial markets to wonder if the new Feb. 1 deadline is for real.

Wall Street's main indexes closed higher on Tuesday, with the S&P 500 and the Dow hitting their highest in more than a month, as investors assessed Donald Trump's first actions as U.S. president and breathed relief that he did not start his second term with blanket tariff increases.