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Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September

Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September


Bitcoin.com
2024-08-08 08:30:21

Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market


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