Goldman Sachs CEO David Solomon Anticipates No Rate Cuts by US Fed in 2024, Citing 'Stickier Inflation'
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#df25ce9f ver:0.32

Goldman Sachs CEO David Solomon predicts no rate cuts by the US Federal Reserve in 2024 due to "stickier inflation" and a sluggish global economy. This has caused a 0.66% drop in the price of Bitcoin, as investors react to the prospect of no further rate cuts. However, analysts believe this may be a knee-jerk reaction, as the crypto industry has growth catalysts and bullish fundamentals. Solomon's projection also impacts traditional assets and the overall market dynamics. Traders have reduced bets on rate cuts after the Federal Reserve's cautious approach to inflation. Solomon's remarks provide valuable insights for investors and policymakers. #FederalReserve #inflation #Bitcoin #economy...

#newstr #GoldmanSachs #DavidSolomon #FederalReserve #InterestRates #Inflation #UsEconomy 

 https://here.news/story/df25ce9f?ver=0.32