Goldman Sachs Reverses Fed Rate Cut Forecast: What It Means for Crypto

The cryptocurrency market’s pulse often aligns with global economic trends, particularly the actions of the U.S. Federal Reserve. Goldman Sachs has made a significant shift in its forecast for interest rate cuts this year, which could have far-reaching implications for crypto markets. According to recent reports from ForexLive, the investment bank now anticipates just one Fed rate cut in 2024, a drastic change from their earlier prediction of three. This move suggests a fundamental shift in the economic outlook.