Goldman Sachs Solomon on CNBC. Could see possibility of 50 BP cut

• Environment is actually okay for bank activity
• there are places where it’s exhilarating
• the economy is still in great shape
• The likely scenario is that the Fed navigates with a soft landing
• COnsumer is still healthy especially in the service sector.
• I found the CEO sect at consumer seminar is quite positive on the economy
• See 2 maybe 3 cuts into the fall
• My view has always been very data dependent.
• The consensus is in the soft landing camp
• There is a case to be made for 50 basis points based on softer labor market
• My expectation is for 25 basis point cut.
• We have made real progress on inflation

This article was written by Greg Michalowski at www.forexlive.com.