Goldman Sachs' CFO, Denis Coleman, stated that the Federal Reserve's recent decision to cut interest rates by 50 basis points sets the U.S. #economy on track for a #softlanding, helping to reduce borrowing costs and increase market confidence. Despite this optimistic outlook, some, including JPMorgan CEO Jamie Dimon, remain cautious about the #economy's near-term performance, citing geopolitical risks and uncertain market conditions. The #ratecut, the first of its size since the early COVID-19 #pandemic, signals a strategic shift aimed at bringing #inflation down without causing a #recession. However, concerns persist, with market participants questioning whether this move was timely enough to avoid economic downturns, as similar past rate cuts did not prevent recessions.
#economy #softlanding