Goldman Sachs CEO Cautions Against 50bps Cut Despite Weak Job Data

Goldman Sachs CEO David Solomon has forecasted a 25-basis-point interest rate cut by the US Federal Reserve at its upcoming September 17 meeting. He also expressed caution about a larger 50-basis-point reduction.   These remarks come as market expectations for a rate cut continue to grow following weaker-than-expected jobs data. Goldman Sachs CEO Sees Fed Cutting Rates in September In an interview with CNBC, Solomon noted recent job data shows ‘some softening’ in the labor market source: https://beincrypto.com/goldman-sachs-fed-rate-cut-september-forecast/