Repeat Of 2022 Inflation Spike? Goldman Says No, Sees Two Rate Cuts

No peace deal was reached in Islamabad over the weekend between U.S. and Iranian negotiators. A U.S.-led blockade involving 15 warships began Monday morning in the Strait of Hormuz, as Goldman's Shreeti Kapa said the "final battle" for equities is near.

In a separate note, Goldman analyst Jessica Rindels provided clients with an economic framework amid the fog of war and energy turmoil rippling around the world.