Goldman Sachs continues to beat the “two rate cuts this year” drum – this time, CEO

I published an article in April about Goldman Sachs reducing its forecast for a Fed rate cut from three to two in 2024:

• two cuts in 2024… July and November

Adam posted about this re-aired call last week:

• Goldman Sachs still thinks a July rate cut is more likely

The call has spread to senior management, with CEO David Solomon speaking in an interview Monday:

• According to him, inflation continues to be a little sticky
• He says there is a possibility of one or two rate cuts this year

When you remix the cabinet economists

This article was written by Eamonn Sheridan at www.forexlive.com.

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