Goldman Sachs COO estimates rate cut by 2026-end

[Goldman Sachs Expected To Cut Hundreds Of Jobs This Month]
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Goldman Sachs Group (GS [https://seekingalpha.com/symbol/GS]) COO John Waldron told CNBC News [https://www.cnbc.com/video/2026/06/03/watch-cnbcs-full-interview-with-goldman-sachs-coo-john-waldron.html] in an interview that his estimates are the Federal Reserve will cut rates by the end of 2026.

Waldron was discussing his view on equity markets at the 'Closing Bell'.

He was asked whether the Fed will cut rates this year, hike rates, or do anything.

"As a more practitioner, not an economist, I see a lot of inflation in the economy." ... "It leads me to believe that it's less likely that we may see a cut right at the moment."

On Kevin Warsh's appointment, Waldron said he thinks the new Fed chair will focus on the balance sheet.

On the tech trade, Waldron said that right now, there is more greed than fear in the market. "We are seeing extraordinary demand for anything that is in that AI ecosystem."

"It's not the exuberance of other eras we have seen. I would still maintain a fair bit of conviction that we have ways to go here."

When asked if we are at or near the peak growth stage, the COO said, "I think we are in the infrastructural build phase of this revolution. We are going to shift at some point to applications and deployment for companies like ours."

"When we see that part of the phase, we will see like another up. You might see the value chain shift; you might see stocks readjust. You might see value going to those that are deploying the infrastructural layout. But I think that could be another leg up in this scheme of the broader ecosystem."

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