David Solomon, CEO of Goldman Sachs, dropped the idea that the US Federal Reserve will reduce interest rates by 50 basis points in September, a few days after Standard Charterd Bank of aggressive expectations.
“Whether we or not we have 50 pieces on the basis or not, I don’t think this is perhaps on cards,” Suleiman He said During an interview with CNBC on Wednesday.
While the CME FEDWATCH Tool data shows only 7.8 % of the market participants expect this step at the Federal Reserve meeting on September 17, Standard Chartered recently raised its expectations to this level, citing the weakest job report than August, According to To the Reuters report on Monday.
Crusher Mister Chefiro He said In the X Publication on Wednesday, “If this happens, Crypto will explode via previous ATHS.”
However, Suleiman expects the Federal Reserve will follow the largest consensus of the market, with 92.2 % of the participants expect a smaller discount. Suleiman said: “I am fully confident that we will get 25 prices.”
Suleiman refers to the “softening” labor market
He added: “There is no doubt that when you look at the labor market, there is little softening.”
Suleiman expects other price discounts this year, depending on the conditions of the macroeconomic. “I think you can see discounts or two other, depending on how economic conditions appear from here,” he said.
The FBI price reduction meeting for this month is important not only for the broader market but also for encryption, as low interest rates make traditional investments like bonds less profit compared to the most dangerous assets.
However, the Santiment Plastic platform recently warned that the increase in social media about the very expected interest rate decision in September may be a Crypto warning sign.
The price of the encryption market may be in the Federal Reserve
“From a historical point of view, such a tremendous height can indicate the discussion about one bullish narration that euphoria is very high and may indicate a local summit,” Santint said on August 24.
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Standard Chartered is not the only financial institution that recently reviews the expectations of reducing the prices of the Federal Reserve.
Bank of America analysts reflected their long position of lack of price discounts in 2025, and they also expect discounts at the 25th point, one in September and the other in December, according to Bloomberg.
Federal Reserve Chairman Jerome Powell indicated a possible reduction in September during his main speech at the Jackson Hall Economic Symposium in Wyoming on August 22.
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