24/7 Cryptocurrency News

S&P Global Market Intelligence Reaffirms Fed June Rate Cut Stance

S&P Global Market Intelligence has also joined the chorus of analysts predicting a Fed June rate cut, in tandem with market.
Published by
S&P Global Market Intelligence Reaffirms Fed June Rate Cut Stance

Highlights

  • Chris Williamson of S&P Global Market Intelligence states, "We still think June looks the most likely."
  • S&P Global Market's prediction comes right after Goldman Sachs had also reaffirmed the same notion on the Fed's June rate cut.
  • Investors have historically given the Federal Reserve's rate choices a lot of weight when evaluating assets.

The market bets on the Fed June rate cut have increased with time, as the market tries to digest inflation and other economic factors. With a larger market consensus sticking to June as the favorable time for rate cuts, S&P Global Market Intelligence has also hopped onto the same bandwagon.

Advertisement

S&P Global Market Intelligence Expects a Fed June Rate Cut

Regarding the Fed’s first rate decrease of 2024, Chris Williamson of S&P Global Market Intelligence states, “We still think June looks the most likely.” He also added that the Fed would want to see the labor market cool before considering a rate cut. With Feb data being a little disappointing, it naturally would give them the idea of assessing the market first.

Advertisement

Goldman Sachs Sings Similar Tone

S&P Global Market’s prediction comes right after Goldman Sachs had also reaffirmed the same notion on the Fed’s June rate cut. Experts at Goldman Sachs initially projected that the Federal Reserve would cut interest rates for the first time in December 2024. In mid-December 2023, it announced a revision to its prediction and stated that the Fed would lower interest rates three times, with the first one occurring in the third quarter of 2024.

The famous investment business has now estimated that this year would see three rate drops, with the first one taking place in June. They also intend to make one cut in 2026 and four in 2025. According to their estimates, terminal interest rates will lie between 3.25 and 3.5%.

Read Also: Coinbase CLO Backs “Crypto Mom” on SEC Engagement

Market Expectation on Fed Rate Cut

The market has priced in around three rate reductions for 2024 since December 2023; the first-rate decrease was expected at the March meeting. However, consistent indications from the Fed’s policymakers as well as economic data drastically decreased expectations of the same. This may affect the cryptocurrency markets.

Investors have historically given the Federal Reserve’s rate choices a lot of weight when evaluating assets. Lower interest rates typically result in the loss of value of government securities, which increases the allure of bitcoin and other cryptocurrency assets.

The decision by the Fed to delay rate reduction may cause investors to decide to temporarily hold onto traditional assets, which has caused market volatility for cryptocurrencies. Even better, a robust economy sustains high investment demand.

Riskier investments are preferred in economies that are doing well. It doesn’t seem likely in these circumstances that the Fed’s decision will halt the current rate of market expansion for cryptocurrencies.

Read Also: Central Banks Unite for Tokenization to Revamp Money System

 

Advertisement

Share
Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Tech Giant Samsung Taps Coinbase To Provide Crypto Access, Driving Adoption

Tech giant Samsung has partnered with Coinbase to offer crypto services to its 75 million…

October 3, 2025
  • 24/7 Cryptocurrency News

Bitget Joins UNICEF Game Jam To Train 300,000 Youths In Blockchain

Bitget has announced support for UNICEF’s first global Game Jam, a 40-day virtual hackathon across…

October 3, 2025
  • Bitcoin News

Crypto Market Rally: BTC, BNB, SOL, XRP, ETH Surge Amid Q4 Momentum

The crypto market is seeing renewed bullish momentum to begin the fourth quarter of this…

October 3, 2025
  • 24/7 Cryptocurrency News

Bitcoin ETFs Record $2.2B Weekly Inflows as BTC Price Surges Past $120K

Bitcoin ETF products recorded more than $2.2 billion in weekly inflows, building on the momentum…

October 3, 2025
  • 24/7 Cryptocurrency News

Nomura Eyes to Ripple Dominance in Crypto Trading in Japan as Demand Rises

Nomura Holdings, Japan's largest brokerage and investment banking group, eyes to ripple its dominance to…

October 3, 2025
  • 24/7 Cryptocurrency News

Sharps Technology Plans $100M Buyback to Boost Solana Treasury as SSK ETF Hits Record $382M AUM

Sharps Technology has announced a $100 million stock buyback plan, suggesting further investment plans in…

October 3, 2025