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Global financial giants believe that the Federal Reserve will not cut interest rates twice this year.
Some global financial giants gathered at the Future Investment Initiative conference in Saudi Arabia seem to suggest that the market's bet on the Fed rate cut may have gone too far. When asked if they thought the Fed would cut rates twice more this year, not a single person raised their hand in a group discussion attended by executives from Goldman Sachs, Morgan Stanley, Standard Chartered, the Carlyle Group, Apollo Global Management, and Duff & Phelps. Most agree that the Fed may cut rates again by the end of 2024. Goldman Sachs CEO David Solomon said
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