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Bitcoin.com 2024-08-08 08:30:21

Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September

Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market

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