Goldman CEO also cut interest rates twice for the most during the year from -zero forecast
2024/7/30 22:54 JST (some excerpts)
Goldman Sachs Group Chief Executive Officer David Solomon said on the 30th that there is a growing possibility that interest rate cuts will be implemented once or twice by the end of the year. The forecast from two months ago, which had stated that there would be no interest rate cuts this year, has been revised.
Goldman CEO Solomon predicts “zero” interest rate cuts this year
Mr. Solomon pointed out in an interview with the US Economic Specialist Bureau CNBC that “it seems that the possibility that interest rate cuts will be made once or twice in the fall is increasing.” “There is no doubt that there is some kind of change in consumer behavior. Even though inflationary pressure is easing, there is a cumulative effect of high prices that continued for a long time,” he said.
Goldman Sachs Group Chief Executive Officer David Solomon said on the 30th that there is a growing possibility that interest rate cuts will be implemented once or twice by the end of the year. The forecast from two months ago, which had stated that there would be no interest rate cuts this year, has been revised.
Goldman CEO Solomon predicts “zero” interest rate cuts this year
Mr. Solomon pointed out in an interview with the US Economic Specialist Bureau CNBC that “it seems that the possibility that interest rate cuts will be made once or twice in the fall is increasing.” “There is no doubt that there is some kind of change in consumer behavior. Even though inflationary pressure is easing, there is a cumulative effect of high prices that continued for a long time,” he said.
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