Goldman Sachs Group Inc. Chief Executive Officer David Solomon in an interview:confident the US economy will avoid a recessionFederal Reserve is unlikely to implement an emergency rate cutdoes not anticipate any significant economic developments before Septembercurrent economic data and signals from the Federal Reserve suggest stabilitymay be one or two rate cuts this fallOn the NFP:“It wasn’t a horrible job report, it was just softer than people were expecting” On equities:correction ... might be healthywe’re going to see more volatility in the short-termwas a pretty big, pretty meaningful correction This article was written by Eamonn Sheridan at www.forexlive.com.
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