Goldman CEO Solomon Doesn't See Rate Cut Before September

Goldman Sachs Group Inc. Chief Executive Officer David Solomon says the Federal Reserve won’t take any emergency steps to assuage markets after the bout of volatility in recent days. “I don’t expect that you’ll see anything before September,” Solomon said in an interview for an upcoming episode of The David Rubenstein Show: Peer to Peer Conversations. “Based on the economic data we’re seeing now and the messaging from the Fed, I think it’s likely that we’ll see a cut or two in the fall.” This interview was recorded August 6 in New York.
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