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Goldman CEO: Signs of a weakening job market, Fed could still cut 50 bps
Written byMarket Vision
Wednesday, Sep 11, 2024 7:10 pm ET1min read
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%."
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