Goldman Sachs CEO David Solomon indicates skepticism regarding a 50 basis point rate cut by the Federal Reserve. Solomon suggests that based on current economic indicators, including a softening labor market, there may be one or two cuts of 25 basis points in the near term.
Currently, the CME FedWatch Tool reveals that only 7.8% of market participants expect such a significant cut. Solomon’s insights imply that market dynamics could shift, particularly affecting both stock and crypto investments during the upcoming Fed meeting.
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