Goldman Sachs CEO David Solomon has expressed confidence that the U.S. economy will avoid a recession, suggesting that the Federal Reserve is unlikely to implement an emergency rate cut. Speaking to Jinshi Data, Solomon indicated that he does not anticipate any significant economic developments before September, projecting a smooth trajectory for the U.S. economy.
Solomon also noted that while current economic data and signals from the Federal Reserve suggest stability, there may still be one or two rate cuts this fall. He emphasized that these potential rate adjustments are based on the current economic indicators and the Fed's messaging.
This outlook comes amidst ongoing market speculation about the Fed's response to evolving economic conditions, with investors closely watching for any signs of policy shifts.