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Goldman Sachs CEO Solomon doesn’t expect the Fed to cut interest rates this year

时间:2024-05-23   访问量:1118

Goldman Sachs Group Inc. Chief Executive David Solomon said he currently does not expect the Federal Reserve to cut interest rates this year because the economy has shown greater resilience thanks to government spending. “I still don’t see compelling data that we’re going to cut rates,” he said at an event at Boston College, adding that he currently predicts “zero” rate cuts. Investments in AI infrastructure also make the economy more resilient in the face of monetary tightening from the Federal Reserve. Solomon also said there was a greater risk that the economy would slow down to some extent that was "real and palpable" than it was six months ago. He cited geopolitical fragility and said people will have to live with this for a long time.


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