Goldman Sachs Group CEO David Solomon said in an interview on Tuesday that the Federal Reserve may cut interest rates once or twice later this year, which is different from his prediction two months ago that there would not be any rate cuts in 2024. Two months ago, Solomon said at an event at Boston College: "I still stick with my expectation of zero rate cuts this year. I think we are ready for more severe inflation."
Goldman Sachs CEO: The Federal Reserve may cut interest rates once or twice this year.
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