Goldman Sachs Chief Executive Officer David Solomon says it was a healthy stock correction

• Goldman Sachs Group Inc. Chief Executive Officer David Solomon in an interview:
• confident the US economy will avoid a recession
• Federal Reserve is unlikely to implement an emergency rate cut
• does not anticipate any significant economic developments before September
• current economic data and signals from the Federal Reserve suggest stability
• may be one or two rate cuts this fall

On the NFP:

“It wasn’t a horrible job report, it was just softer than people were expecting”

On equities:

• correction … might be healthy
• we’re going to see more volatility in the short-term
• was a pretty big, pretty meaningful correction

This article was written by Eamonn Sheridan at www.forexlive.com.