Goldman Sachs CFO: Fed's first 50 basis point rate cut is a clear sign of new direction

Goldman Sachs Chief Financial Officer Denis Coleman believes that the Federal Reserve's recent decision to cut interest rates by 50 basis points, a significant rate cut, although it makes some market analysts have doubts about inflation and recession risks, still lays a good foundation for a soft landing of the economy. He said: "This first 50 basis point rate cut is a clear sign of a new direction. I hope this will increase confidence, reduce the cost of capital, and possibly stimulate strategic activity as we approach the end of the year." Federal Open Market Committee (FOMC) Some economists unexpectedly voted to lower its key overnight lending rate to a target range of 4.75% to 5%. (Golden Ten)