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Goldman Sachs CEO: Expects the Fed to not cut interest rates urgently, may cut rates 1-2 times in the autumn

On August 7th, Jin10 Data reported that Goldman Sachs CEO Solomon predicts that the Federal Reserve will avoid emergency rate cuts because he believes that the US economy will avoid a recession. Solomon said in an interview, ‘I don’t expect to see any progress before September. The economy will develop steadily and a recession may not occur.’ Solomon said, ‘Based on the current economic data and the information released by the Federal Reserve, I think there may be one or two rate cuts in the autumn of this year.’

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