Goldman Sachs Delays Fed Rate Cuts to 2025, Potentially Impacting Crypto

Goldman Sachs has pushed back its expectation for the first Federal Reserve rate cut, now forecasting a July 2025 move. This shift in outlook from June suggests a cautious approach as economic evaluations continue, potentially affecting asset allocation strategies across various markets. The decision follows robust non-farm payroll data that influenced Marc Giannoni and his team’s revised prediction. The economist notes the recent strong labor market performance as a key factor behind this change. 2025 rate cut timeline affects risk assets, with US equities and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) potentially facing volatility.