Goldman Sachs CEO: The Fed is not expected to cut interest rates urgently, and may cut interest rates 1-2 times in the fall

According to TechFlow, Goldman Sachs CEO Solomon expects the Federal Reserve to avoid emergency rate cuts because he believes the U.S. economy will avoid a recession.

“I don’t expect to see any progress until September,” Solomon said in an interview. “The economy will be flat, probably not in a recession.”

“Based on the economic data we’re seeing and the messaging from the Fed, I think there’s a good chance we’ll see one or two rate cuts this fall,” Solomon said.