Goldman Sachs CEO Solomon says expects a 25bp Fed fee lower, adopted by one other one or two

Goldman Sachs CEO Solomon speaking in a CNBC interview

• We’re going to see a slight change in the policy rate as we move into the fall
• I would expect a 25 basis point cut and I think you could see one or two other cuts
• We’ve seen some job data that indicates that there has been some softeningin the economy
• This week we will do more IPOs and have more IPO activity at Goldman Sachs and we’ve had since July, 2021

This article was written by Eamonn Sheridan at investinglive.com.