Goldman's David Solomon says Fed unlikely to cut rates this year: ‘We're set up for stickier inflation'
GSGoldman Sachs(GS) nypost.com·2024-05-23 03:08

Goldman Sachs CEO David Solomon said Wednesday he does not expect the Federal Reserve to cut interest rates this year. “I’m still at zero cuts,” Solomon said at a Boston College event. “I think we’re set up for stickier inflation.” His comments came after Federal Reserve policymakers said on Tuesday the central bank should wait several more months to ensure that inflation really is back on track to its 2% target before cutting interest rates. “I’m still at zero cuts,” Goldman CEO David Solomon said at a Bos ...