The world is expected to enter a cycle of interest rate cuts. As an important financial institution, Goldman Sachs predicted the monetary policy trends of the Federal Reserve in its latest report. Goldman Sachs made it clear that they expect the Federal Reserve to cut interest rates by 25 basis points three times in a row starting in September. This forecast is based on an in-depth analysis of the current economic situation and future data trends.

At the same time, Goldman Sachs also elaborated on the focus of the upcoming Jackson Hole Global Central Bank Annual Meeting, especially the speech of Federal Reserve Chairman Powell. Powell is scheduled to give a keynote speech at 10 a.m. Eastern Time on August 23 (that is, 22:00 on Friday night Beijing time). The speech will be presented in a live broadcast format, but there will be no question-and-answer session afterwards. Goldman Sachs believes that Powell's speech may send a signal of confidence and data dependence to the market in interest rate cuts. Its content is consistent with the information heard by the market recently, that is, the Federal Reserve is approaching the stage of interest rate cuts, but the specific degree of easing will closely depend on the subsequent economic data performance.

In addition, Goldman Sachs economists also pointed out that the market's expectations of a 50 basis point rate cut at the next Fed meeting after the release of July employment data appeared to be too optimistic and advanced, and they insisted that three consecutive rate cuts of 25 basis points each were more reasonable.

On the other hand, Wall Street analysts are optimistic about the prospects of the cryptocurrency market, and they believe that the fourth quarter of 2024 will be the period when the crypto market will usher in the best macro environment. This forecast echoes the expectation of a global rate cut cycle, suggesting that the cryptocurrency market may gain new momentum in a more relaxed monetary policy environment.