Goldman Sachs CEO David Solomon said in an interview on Tuesday that the Federal Reserve may cut interest rates once or twice later this year, which is different from his prediction two months ago that there would be no interest rate cuts in 2024. Two months ago, Solomon said at an event at Boston College, 'I still expect zero interest rate cuts this year. I think we are ready to deal with more severe inflation.'
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Goldman Sachs CEO: This year the Federal Reserve may cut interest rates once or twice
Goldman Sachs CEO David Solomon said in an interview on Tuesday that the Federal Reserve may cut interest rates once or twice later this year, which is different from his prediction two months ago that there would be no interest rate cuts in 2024. Two months ago, Solomon said at an event at Boston College, 'I still expect zero interest rate cuts this year. I think we are ready to deal with more severe inflation.'