US Fed rate cuts are a significant focus for global stock and crypto markets as they seek clues for future market directions. Both JPMorgan and Goldman Sachs predict a modest 25 bps rate cut by the US Federal Reserve, diverging from market expectations of a 50 bps cut due to election-related influences.
The anticipation of US Fed rate cuts is particularly crucial for the cryptocurrency market. A lower than expected cut could likely lead to a dip in Bitcoin prices, among other cryptocurrencies, as market participants adjust their strategies.
