Goldman Sachs and Barclays Push Back on Fed Rate Cut Predictions

Financial giants Goldman Sachs and Barclays have adjusted their expectations for the Federal Reserve’s next rate cut, now anticipating it to occur as late as July 2025. This shift is driven by unexpectedly strong job market data, which has reshaped economic forecasts. The delay in cuts could potentially trigger increased volatility across various asset classes, particularly impacting cryptocurrencies like Bitcoin and Ethereum.