Goldman Sachs CEO: S&P 500 Pullback May Be Healthy Adjustment, Fed Likely Won't Cut Rates Urgently
Publication Time:2024-08-07 03:06:06
According to a report by Golden Finance, Goldman Sachs' Chief Executive Officer, David Solomon, holds an optimistic view towards the current pullback in US stock markets, suggesting that it may be indicative of a healthy market adjustment. In his analysis, Solomon considers the strong performance of the US economy and the uncertainty in global trade scenarios as reasons for the Fed not taking any urgent measures such as cutting rates. He further predicts that the Fed will carry out one or two interest rate cuts this year, specifically during the fall season, aiming to counteract the pressure on economic growth without hinting at an impending recession risk.
Federal Reserve
US Economy
Interest Rate Cut
Stock Market Pullback
Healthy Adjustment
Recession Risk