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TechFlow news — Goldman Sachs CEO Solomon expects the Federal Reserve will avoid emergency rate cuts, as he believes the U.S. economy will avoid a recession.
In an interview, Solomon said, "I don't expect to see any movement before September. The economy will continue to progress steadily and may avoid a recession."
Solomon added, "Based on the economic data we've seen so far and the signals from the Fed, I anticipate one or two rate cuts this fall."
Goldman Sachs CEO Solomon expects the Federal Reserve will avoid emergency rate cuts, as he believes the U.S. economy will avoid a recession. In an interview, Solomon said, "I don't anticipate any moves before September. The economy will move along steadily and may avoid a recession." Based on current economic data and signals from the Fed, he added, "I think there could be one or two rate cuts this fall."
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