David Solomon, CEO of Goldman Sachs, discussed the impact of recent US trade policy shifts on market dynamics. He highlighted the role of policy uncertainty in reshaping market growth projections as traders anticipate gradual Federal Reserve rate adjustments. While tariffs are contributing to market volatility, Goldman Sachs analysts suggest they don’t necessarily trigger a recession, instead influencing overall growth expectations. The Fed is projected to gradually lower interest rates by 2025, potentially aligning with the current federal funds rate stability at 4.25-4.5%. The crypto markets, impacted by broader economic shifts, highlight USD-pegged stablecoins and DeFi protocols associated with significant US institutional exposure.