Goldman CEO: Signs of a weakening job market, Fed could still cut 50 bps
Written byAInvest Visual
Wednesday, Sep 11, 2024 7:10 pm ET1min read
GBUY--
Goldman CEO Solomon said the Fed could still choose to cut interest rates by a larger-than-expected amount due to signs of weakness in the labor market. "There is reason for (the Fed) to cut 50 basis points based on further weakness in the labor market," Solomon said. "I think the probability of that is around 30%."
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet