Goldman Sachs CEO David Solomon predicts no Fed rate cuts this year despite market expectations for at least one.
Goldman Sachs CEO David Solomon expects zero rate cuts from the Federal Reserve this year, citing a resilient economy due to government spending and AI investments. He acknowledges that consumers are feeling the pinch from higher prices, but believes the economy is set up for stickier inflation. Solomon's comments stand in contrast to market expectations for at least one rate cut by the Fed this year.
May 22, 2024
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