Goldman's CEO reverses course, now expects up to 2 rate cuts in 2024

Michael Kovac/Getty Images, Vivie Behrens/BI

• The Fed will likely cut rates once or twice this year, Goldman Sachs CEO David Solomon says.
• Solomon previously predicted no rate cuts for this year, but says he now sees more promising data.
• He points to changing consumer behavior in response to inflation.

Two months ago, Goldman Sachs CEO David Solomon said the Federal Reserve was unlikely to cut rates at all in 2024.

Now...