Goldman Sachs Predicts Three Rate Cuts: Crypto Could Benefit

Goldman Sachs’ revised inflation forecast could significantly impact the crypto market, according to industry sources. The prediction sees a rise in the core PCE index (Personal Consumption Expenditures) to 3.5% this year, exceeding previous estimates of 3.0%. This shift prompted Goldman to anticipate three rate cuts from the Federal Reserve (Fed) in the second half of 2024, potentially outpacing market expectations and Fed projections.