Goldman CFO: FED’s Big Rate Cut Signals U.S. Economy’s Soft Landing

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Goldman Sachs CFO Denis Coleman believes the Federal Reserve’s recent 50 basis point interest rate cut positions the U.S. for a soft landing. He expressed optimism that the move will ease capital costs and boost market confidence heading into 2025. While inflation levels are decreasing and unemployment remains stable, some experts, including JPMorgan CEO Jamie Dimon, remain skeptical of the economy’s resilience. The largest rate cut since the pandemic, has sparked debate over whether it will prevent recession without derailing economic recovery.