Goldman Sachs CEO Solomon sees robust capital markets next year, CNBC reports
Nov 20 (Reuters) -Goldman Sachs GS.N CEO David Solomon expects capital markets to be more robust in 2025, he said in an interview with CNBC on Wednesday, joining a wave of positive forecasts as inflation eases and a new administration prepares to take office.
Solomon said there was a belief that the Trump administration will pare back the level of regulation, and markets were responding to the idea that the new government would be pro-growth.
Several business executives and investors have forecast an uptick in corporate dealmaking in 2025 on expectations that President-elect Trump would adopt a gentler approach toward mergers than his predecessor.
Markets may also benefit from improving investor sentiment as the Federal Reserve potentially cuts interest rates further.
However, Fed Governor Michelle Bowman called for a cautious approach to any further interest-rate cuts, saying that inflation remains a concern and the labor market is strong.
Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur
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