Goldman Sachs CEO Forecasts Two to Three Rate Cuts by the Fed
Publication Time:2024-09-12 00:42:06
In recent speeches, Goldman Sachs CEO David Solomon indicated that with the arrival of autumn, the Federal Reserve is expected to make two rate cuts, possibly even three. Despite a relatively weak outlook for the bank's prospects, he still believes that a soft landing is the most likely outcome. The market currently widely speculates that the first rate cut will be 25 basis points, but a 50 basis point cut is also possible. Solomon's prediction reflects his concerns about the current economic situation and his expectation that the Fed will adopt loose monetary policy to stimulate economic growth.
Federal Reserve
Economic Forecast
Goldman Sachs
Interest Rate Cut