-
Goldman’s Solomon Sees Case for Half-Point Fed Rate Cut as Jobs Soften
Goldman Sachs Group Inc. Chief Executive Officer David Solomon said there’s still a chance that the Federal Reserve could opt for a bigger rate cut than expected because of emerging signs of weakness in the employment market. “There’s a case to be made for 50 based on more softening in the labor market,” Solomon said in a CNBC interview Wednesday, referring to the potential for a cut of 50 basis points by the US central bank rather than a more standard-sized 25-basis-point move. “I think the percentage chance is in the low 30s.” Solomon said his best guess is they’ll probably go with a quarter-point cut ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 11, 2024 3:34pm Sep 11, 2024 3:34pm
- Guest
- | IP XXXX:96e:901a
- Comment #2
- Quote
- Sep 11, 2024 4:15pm Sep 11, 2024 4:15pm
-
Silver-King
- Joined Jul 2024 | Status: Member | 63 Comments
- Comment #3
- Quote
- Sep 11, 2024 4:20pm Sep 11, 2024 4:20pm
- Guest
- | IP XXX.XXX.177.167
- Comment #4
- Quote
- Sep 11, 2024 4:33pm Sep 11, 2024 4:33pm
- gzforex20
- | Joined Feb 2013 | Status: Member | 111 Comments | Online Now
- Comment #5
- Quote
- Sep 12, 2024 12:38am Sep 12, 2024 12:38am
-
Expo33
- Joined Aug 2013 | Status: Member | 566 Comments
Pride always comes before destruction.... -Proverbs 16:18