David Solomon, chairman and CEO of Goldman Sachs, became the latest high-profile banking figure this week to warn that the US Federal Reserve may not cut interest rates at all in 2024. His words will have added to the gloom in Japan and Korea, where policymakers have been struggling to prop up their currencies against the dollar.
In mid April, Japan finance minister Shun’ichi Suzuki said he was watching currency moves closely and would provide “a thorough response as needed”.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
