Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin ETFs hit $ 40 billion intake and set the historical crypto record

2025-05-11

Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

2025-05-10

Ethereum’s TVL Spikes after 53%: Is this the sign of a large Eth -Rally?

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

    2025-05-10

    China’s Beijing unveils 2-year DLT Development Action Plan

    2025-05-10

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10

    Partially completed Wave 5 says there is still room to run

    2025-05-10

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Goldman Foresees Q2 2024 Fed Rate Cut: A Boost For Bitcoin?
Bitcoin

Goldman Foresees Q2 2024 Fed Rate Cut: A Boost For Bitcoin?

2023-08-14No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

In a recent note that has caught the attention of both traditional financial markets and the Bitcoin community, Goldman Sachs economists, including the renowned Jan Hatzius and David Mericle, have made a significant prediction regarding the Federal Reserve’s monetary policy. The note suggests that the Federal Reserve may commence a series of interest rate cuts by the end of June 2024.

“The cuts in our forecast are driven by this desire to normalize the funds rate from a restrictive level once inflation is closer to target,” the Goldman economists wrote. This statement underscores the bank’s belief that the Federal Reserve’s current stance on interest rates may be too restrictive, especially if inflation rates continue to trend towards the central bank’s target.

The note further elaborates: “Normalization is not a particularly urgent motivation for cutting, and for that reason we also see a significant risk that the FOMC will instead hold steady.” This cautious tone suggests that while Goldman Sachs is predicting a rate cut, they also acknowledge the unpredictability of the Federal Reserve’s decisions.

The recent data, which showed US inflation rising at a slower-than-expected rate of 3.2%, with the core consumer price index at a 4.7% annual pace, further complicates the picture. With the Fed’s benchmark rate currently set between 5.25% to 5.5%, Goldman Sachs expects it to stabilize around 3 to 3.25%.

What Does This Mean For Bitcoin Price?

Expectations of a rate cut from Goldman Sachs are in line with market expectations according to the CME FedWatch Tool. In May 2024, 68% already expect there to be at least a 25 basis point (bps) rate cut.

See also  Schiff Says 'Bitcoin Promoters Have Corrupted Many' as BTC Surges Past $82,000
CME FedWatch tool probabilities
CME FedWatch tool probabilities | Source: CME Group

However, it remains to be seen whether macro events will influence the Bitcoin price again. In the last few months, BTC increasingly decoupled from macro events while the stock market rallied towards all-time highs and stagnated around the $30,000 mark.

Interestingly, the timing could be very positive for the Bitcoin market. On the one hand, March 15, 2024 is the final deadline for spot Bitcoin ETF filings from BlackRock, Fidelity, Investco, VanEck, and WisdomTree; on the other hand, Bitcoin halving is coming up at the end of April (currently expected on April 26).

The high expectations for these two events, coupled with a dovish monetary policy from the Federal Reserve, could be a massive catalyst for the Bitcoin price.

At press time, BTC traded at $29,426 and saw another calm weekend amid the liquidity summer drought. Breaking above $29,550 is key to establish any bullish momentum to initiate another push towards $30,000.

Bitcoin price
BTC price remains below $30,000, 4-hour chart | Source BTCUSD on TradingView.com

Featured image from iStock, chart from TradingView.com

Source link

Bitcoin boost Cut Fed foresees Goldman Rate
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin ETFs hit $ 40 billion intake and set the historical crypto record

2025-05-11

Bitcoin Advanced NVT is above this critical threshold – what it means for price action

2025-05-10

Vae embraces Bitcoin, Ibit attracts $ 1B: a global BTC shift that unfolds?

2025-05-10

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

2025-05-10
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Roope Rainisto’s AI Video Tips, SEC’s Warning & More

2023-07-18

Cardano: Can shorting ADA lead to more gains for traders?

2023-08-16

Coinbase strengthens the Commerce product with ‘Onchain Payment Protocol’ on Ethereum, Polygon and Base

2023-11-18
Editors Picks

XRP -Price diagram flashes inverse head/shoulder pattern that can activate up to $ 3.9

2025-03-29

Why Bitcoin and BTC ETFs Are Not the Same in the Books of Michael Saylor

2024-02-21

US and UK lawmakers will hear arguments around crypto regulation on June 13

2023-06-12

Dune Analytics Joins Forces with B3 Chain to Revolutionize Web3 Gaming

2024-10-21
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin ETFs hit $ 40 billion intake and set the historical crypto record

Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

Ethereum’s TVL Spikes after 53%: Is this the sign of a large Eth -Rally?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,038.660.84%
  • ethereumEthereum(ETH)$2,544.698.71%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.412.25%
  • binancecoinBNB(BNB)$666.691.33%
  • solanaSolana(SOL)$176.773.71%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.24065115.08%
  • cardanoCardano(ADA)$0.825.04%
  • tronTRON(TRX)$0.2671711.30%
  • suiSui(SUI)$4.021.72%
  • chainlinkChainlink(LINK)$16.976.13%
  • avalanche-2Avalanche(AVAX)$25.346.82%
  • stellarStellar(XLM)$0.3134534.62%
  • shiba-inuShiba Inu(SHIB)$0.0000168.86%
  • hedera-hashgraphHedera(HBAR)$0.2135595.00%
  • the-open-networkToncoin(TON)$3.475.09%
  • hyperliquidHyperliquid(HYPE)$25.232.62%
  • bitcoin-cashBitcoin Cash(BCH)$418.310.48%
  • polkadotPolkadot(DOT)$5.142.40%
  • litecoinLitecoin(LTC)$104.131.55%
  • unus-sed-leoUNUS SED LEO(LEO)$8.29-5.02%
  • piPi(PI)$0.9529.60%
  • moneroMonero(XMR)$323.831.54%
  • bitget-tokenBitget Token(BGB)$4.983.48%
  • pepePepe(PEPE)$0.0000134.89%
  • daiDai(DAI)$1.00-0.05%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$7.2412.93%
  • bittensorBittensor(TAO)$459.613.78%
  • nearNEAR Protocol(NEAR)$3.3112.62%
  • aptosAptos(APT)$6.118.33%
  • aaveAave(AAVE)$223.915.66%
  • ondo-financeOndo(ONDO)$1.065.07%
  • okbOKB(OKB)$55.451.08%
  • ethereum-classicEthereum Classic(ETC)$20.225.19%
  • internet-computerInternet Computer(ICP)$5.722.90%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.250.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2700265.64%
  • kaspaKaspa(KAS)$0.1070291.51%
  • render-tokenRender(RENDER)$5.387.41%
  • vechainVeChain(VET)$0.0319465.85%
  • crypto-com-chainCronos(CRO)$0.1028321.86%
  • gatechain-tokenGateToken(GT)$22.220.08%
  • mantleMantle(MNT)$0.781.43%
  • ethenaEthena(ENA)$0.40942210.29%
  • arbitrumArbitrum(ARB)$0.48024626.20%
  • filecoinFilecoin(FIL)$3.278.57%
  • algorandAlgorand(ALGO)$0.2499977.26%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.895.54%
  • bitcoinBitcoin(BTC)$104,038.660.84%
  • ethereumEthereum(ETH)$2,544.698.71%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.412.25%
  • binancecoinBNB(BNB)$666.691.33%
  • solanaSolana(SOL)$176.773.71%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.24065115.08%
  • cardanoCardano(ADA)$0.825.04%
  • tronTRON(TRX)$0.2671711.30%
  • suiSui(SUI)$4.021.72%
  • chainlinkChainlink(LINK)$16.976.13%
  • avalanche-2Avalanche(AVAX)$25.346.82%
  • stellarStellar(XLM)$0.3134534.62%
  • shiba-inuShiba Inu(SHIB)$0.0000168.86%
  • hedera-hashgraphHedera(HBAR)$0.2135595.00%
  • the-open-networkToncoin(TON)$3.475.09%
  • hyperliquidHyperliquid(HYPE)$25.232.62%
  • bitcoin-cashBitcoin Cash(BCH)$418.310.48%
  • polkadotPolkadot(DOT)$5.142.40%
  • litecoinLitecoin(LTC)$104.131.55%
  • unus-sed-leoUNUS SED LEO(LEO)$8.29-5.02%
  • piPi(PI)$0.9529.60%
  • moneroMonero(XMR)$323.831.54%
  • bitget-tokenBitget Token(BGB)$4.983.48%
  • pepePepe(PEPE)$0.0000134.89%
  • daiDai(DAI)$1.00-0.05%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$7.2412.93%
  • bittensorBittensor(TAO)$459.613.78%
  • nearNEAR Protocol(NEAR)$3.3112.62%
  • aptosAptos(APT)$6.118.33%
  • aaveAave(AAVE)$223.915.66%
  • ondo-financeOndo(ONDO)$1.065.07%
  • okbOKB(OKB)$55.451.08%
  • ethereum-classicEthereum Classic(ETC)$20.225.19%
  • internet-computerInternet Computer(ICP)$5.722.90%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.250.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2700265.64%
  • kaspaKaspa(KAS)$0.1070291.51%
  • render-tokenRender(RENDER)$5.387.41%
  • vechainVeChain(VET)$0.0319465.85%
  • crypto-com-chainCronos(CRO)$0.1028321.86%
  • gatechain-tokenGateToken(GT)$22.220.08%
  • mantleMantle(MNT)$0.781.43%
  • ethenaEthena(ENA)$0.40942210.29%
  • arbitrumArbitrum(ARB)$0.48024626.20%
  • filecoinFilecoin(FIL)$3.278.57%
  • algorandAlgorand(ALGO)$0.2499977.26%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.895.54%