Despite predictions from some banks, Goldman Sachs CEO David Solomon has cast doubt on the likelihood of a substantial 50 basis point interest rate cut by the U.S. Federal Reserve in September. This comes after Standard Chartered Bank made such a prediction. In an interview with CNBC, Solomon expressed skepticism about the possibility of such a large decrease, aligning with broader market expectations. Data from the CME FedWatch Tool shows that only 7.8% of market participants expect a 50 basis point cut at the September 17th meeting. This view aligns with the market consensus on smaller rate cuts. Although Standard Chartered Bank recently adjusted its forecast to anticipate this move, citing a weaker-than-expected jobs report in August, Solomon believes the Fed will follow prevailing market sentiment which predicts smaller adjustments.