Fed’s Powell opens door to potential rate cuts at Jackson Hole
Investing.com -- David Solomon, CEO of Goldman Sachs (NYSE:GS), has revealed that shifts in trade policy have led to increased market uncertainty. Solomon’s comments came amidst a delay in the implementation of reciprocal tariffs, a move that he believes has heightened the level of uncertainty.
Solomon stated that the market is anticipating a cut by the Federal Reserve over the course of the year. He also mentioned that while capital markets activity has slowed down, it has not completely halted. However, Solomon cautioned that the ongoing uncertainty could further decelerate capital markets activity.
The Goldman Sachs CEO also noted that the growth rate has slowed down due to the current trade policy. In the midst of tariff delays, Solomon expressed his hope to see one or two deals being put forward to mitigate the uncertainty.
Solomon’s comments were made during an interview on CNBC. His remarks underscore the challenges faced by the markets due to the unpredictability of the trade policy. Solomon’s insights provide a perspective on the current market conditions and the potential impact of trade policy shifts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.