**Goldman Sachs Predicts Three Rate Cuts Starting in September, FED Rate Forecasts for September 18, 2024, Fall**
Goldman Sachs anticipates three interest rate cuts starting from September, leading to a decrease in the FED rate forecasts for September 18, 2024. Currently, the rate stands at 525-550 basis points (BPS). However, projections now indicate a 67.5% probability that the rate will drop to 475-500 BPS and a 32.5% chance of falling to 500-525 BPS.
This projection by one of the world’s leading investment banks comes as a significant development for the financial markets, signaling a potential shift in the monetary policy landscape. Such changes could have considerable implications for the crypto market, influencing everything from investment flows to market sentiment.
Stay tuned for further updates as we continue to monitor how these evolving expectations might affect the broader financial arena and the crypto space specifically.