Goldman Sachs continue to bang the ‘two rate cuts this year’ drum – this time the CEO

I posted back in April on Goldman Sachs trimming their Fed rate cut forecasts from three to two in 2024:

• two cuts in 2024 … July and November

Adam posted on that call being trotted out again last week:

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

The call has trickled up to the C-suite, CEO David Solomon speaking in an interview on Monday:

• Says inflation
  continues to be a little bit sticky
• Says there is a
  possibility of a rate cut or two this year

When you’re remixing the firm’s economists

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