US Fed Rate Cuts: JPMorgan, Goldman Sachs Eye 25 bps, Bitcoin to Dip?

Quick Summary:

US Fed rate cuts is a key focus among global stock and crypto markets this week as they seek additional cues for market direction in the coming weeks.

JPMorgan and Goldman Sachs eye a modest 25 bps rate cut by the US Federal Reserve as markets look for 50 bps rate cuts due to elections.

Meanwhile, JPMorgan advocated for a 50 bps Fed rate cut on Wednesday, with easing a total of 100 bps rates this year.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: India

Topics: US Federal Reserve Bitcoin News FOMC Meeting 24/7 Cryptocurrency News Bitcoin (BTC) Price Fed rate cuts JPMorgan Goldman Sachs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 07:51:57 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 50 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22563710

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 21 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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