Goldman Sachs brought forward its forecasts for the Fed’s interest rate cut to Q3 2024 from Q4.
Goldman Sachs, a world-known investment banking company, revealed its forecasts for the Fed’s interest rate cut. The investment giant believes that it will take place in Q3 2024 while previously it forecasted that it would happen in Q4 2024.
The changes in these estimates followed the significant movements in the crypto market that have been recently observed. The growth in the prices of Bitcoin and major altcoins was attributed to traders’ optimism on an expected spot BTC ETF launch in the United States and an upcoming Bitcoin halving event among other factors.
More details to be added soon.
