News list for "denis"

Denis Coleman, chief financial officer of Goldman Sachs, argued that the Federal Reserve's recent decision to cut interest rates by 50 basis points, a significant move that, while raising doubts among some market analysts about inflation and recession risks, still lays a good foundation for a soft economic landing. "This first 50 basis point cut is a clear sign of a new direction," he said. "I hope it boosts confidence, lowers the cost of capital and may boost strategic activity as we approach t...

2024-09-25 14:22:19