Wall Street professionals remain uncertain as markets continue to confound on Nostr: Goldman Sachs CEO David Solomon Predicts No Rate Cuts by US Fed in 2024, Impacting ...

Goldman Sachs CEO David Solomon Predicts No Rate Cuts by US Fed in 2024, Impacting Bitcoin Price
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#df25ce9f ver:0.31

Goldman Sachs CEO David Solomon predicts no rate cuts by the US Fed in 2024, impacting Bitcoin price. Solomon believes the US economy is fragile and government spending and AI investment are dampening the impact of higher rates. He expects interest rate cuts in Europe this year. This prediction has caused a 0.66% drop in Bitcoin price, but some analysts see it as a knee-jerk reaction. Despite the drop, Bitcoin and altcoins are poised for recovery due to bullish fundamentals. Solomon's projection has broader implications for the risky asset ecosystem. Traders have reduced bets on rate cuts after the Federal Reserve's minutes indicated longer-lasting inflation. #GoldmanSachs #Bitcoin #FederalReserve #economy...

#newstr #GoldmanSachs #UsFederalReserve #Bitcoin #Cryptocurrency #RateCuts #InterestRates #Inflation #UsEconomy #Europe #IndustrialPolicy

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