Goldman Sachs CEO: Expects the Federal Reserve will not cut interest rates urgently, may cut rates 1-2 times in the fall

ChainCatcher message, Goldman Sachs CEO Solomon expects that the Federal Reserve will avoid an emergency rate cut, as he believes the U.S. economy will avert a recession. Solomon said in an interview, "I do not expect to see any progress before September. The economy will develop steadily and may not experience a recession."

Solomon stated, "Based on the economic data currently available and the signals from the Federal Reserve, I believe there may be one or two rate cuts this fall. The recent adjustment in the stock market may be healthy. The Federal Reserve will forgo an emergency rate cut, and I expect the U.S. will not experience an economic recession."