According to the Zhitong Finance APP, Goldman Sachs Chief Financial Officer Denis Coleman said on Tuesday that the Federal Reserve's 50 basis point rate cut has put the US economy on a soft landing track.

At the time Coleman made these remarks, market participants questioned whether the Federal Reserve's significant rate cut was timely enough to curb inflation without causing an economic recession.

Some analysts express concerns about the outlook for the US economy, warning that similar significant rate cuts may fail to prevent an economic downturn and global financial crisis like those in the early 21st century.

The Federal Reserve cut rates by 50 basis points last Wednesday, surprising some economists. This marked the first time since the early stages of the COVID-19 pandemic in 2019 and the global financial crisis of 2008 that the Fed has made such a significant rate cut.

Coleman said on Tuesday: "I believe that the first 50 basis point rate cut is a clear signal of a new direction. Hopefully, this will release more and more confidence and significantly reduce the cost of capital - perhaps even take some more strategic initiatives by the end of this year."

He stated: "As we enter 2025, this move is expected to improve the backlog situation of the entire market and promote overall market activity."

When asked if the Fed's rate cut has ensured a soft landing for the US economy, Coleman said he hopes and expects it to be so.

"Currently, this is the consensus," Coleman said. "Managing the economy during a transition has always been a very tricky task. But inflation is decreasing, unemployment is at manageable levels, the Fed has started implementing rate cuts, and to some extent, maintaining a path towards a soft landing."

Not everyone believes that the US economy will continue to remain strong in the coming months.

Jamie Dimon, CEO of JPMorgan, said in an interview on Tuesday: "I am a long-term optimist. But in the short term, I am more skeptical than others that everything will improve."

"Market pricing seems to indicate that things will become very good. I remain cautious about this," he added.