Goldman Sachs CEO: 'Don't Expect Fed Rate Cuts This Year'
CryptoNewsTerminal Staff22 May, 2024
Goldman Sachs CEO: 'Don't Expect Fed Rate Cuts This Year'
Goldman Sachs CEO David M. Solomon stated in a WatcherGuru X account, that he doesn't anticipate the Federal Reserve to reduce interest rates in 2023. This declaration contrasts with market expectations of potential rate cuts later this year due to an anticipated economic slowdown. Solomon's comments indicate that the Fed may maintain a hawkish stance to combat inflation. Investors and economists will closely monitor the Fed's upcoming monetary policy decisions for further guidance.
