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Goldman Sachs has revised its inflation outlook, predicting the core PCE index to rise to 3.5% this year, and anticipates three interest rate cuts by the Federal Reserve in the latter half of 2024. This bullish stance could positively impact the crypto market, as lower borrowing costs typically boost risk assets like cryptocurrencies. Currently, Bitcoin is down 1.81% to $81,985, with major tokens like XRP and Cardano's ADA experiencing significant losses.
Commerzbank has raised its USD/TRY forecast to 42 by the end of 2025 and 46 by 2026, citing escalating political tensions in Türkiye, particularly a corruption probe involving Istanbul's mayor. The Turkish lira recently fell over 12% amid market instability, prompting central bank interventions. Analyst Tatha Ghose warned that ongoing political strife could lead to further depreciation of the lira, exacerbating inflation and straining international relations.
Goldman Sachs has revised its economic outlook, raising the U.S. recession probability to 35% and lowering GDP growth forecasts due to escalating tariff tensions. The bank anticipates deeper interest rate cuts from the Federal Reserve and ECB, with the eurozone facing a potential technical recession in 2025. New tariffs proposed by former President Trump could significantly impact both regions' economies, prompting further adjustments in growth projections.
Société Générale will implement over 10 fee increases starting April 1, with hikes ranging from 1.47% to 60% on account maintenance, card fees, and other services. Notably, account maintenance fees will rise by 6.25%, while the fee for reissuing a card’s PIN will increase by 60%. Conversely, the bank has introduced free instant transfers via its app or website and extended preferential international transaction rates to all customers aged 16 and over. Additionally, SG is participating in a project to install shared ATMs in rural areas, set to begin operating in 2025.
Goldman Sachs has raised the odds of a US recession to 35% within the next year, citing escalating tariffs from Trump's trade war as a key factor. The bank also increased its inflation forecast and adjusted its GDP growth estimate for 2025 to just 1%, while predicting a rise in the unemployment rate to 4.5%. Consumer confidence has significantly declined, with many Americans anticipating higher unemployment, as the administration's aggressive tariff policies continue to unfold.
Goldman Sachs has revised its forecast, now predicting three Federal Reserve interest rate cuts in 2025 and raising the probability of a U.S. recession to 35%. This adjustment follows concerns over President Trump's tariffs, which are expected to pressure economic growth and have led to a decline in household and business confidence. The bank anticipates rate reductions in July, September, and November, citing increased risks from upcoming tariffs.
MarketBeat highlights five stocks recommended by top analysts, excluding Citigroup, which holds a Moderate Buy rating. Despite recent insider sales, Citigroup has seen upgrades from Barclays and Bank of America, with a consensus target price of $84.50. The company operates across various financial services, including banking and wealth management.
Goldman Sachs has sparked a significant downturn in the stock market, leading to sharp declines in major tech stocks, including NVIDIA (NVDA), Tesla (TSLA), and Palantir (PLTR). The market's reaction reflects growing concerns among investors about the broader economic implications.
The Reserve Bank of Australia is expected to hold interest rates steady amid concerns over tariffs and recent inflation data, which, while cooler, remains too high for further cuts. The Australian and New Zealand dollars have struggled against G10 currencies, with predictions of further declines, particularly against the US dollar. A cautious tone is anticipated from Governor Michele Bullock as the RBA navigates these uncertainties.
USD/JPY is experiencing a pullback after failing to maintain momentum near the 50-DMA and 200-DMA at 151.30/151.60. Analysts indicate that a breach of the recent support level around 148.15/147.50 could lead to a decline towards March lows near 146.50, with potential further drops to 145.
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goldman sachs predicts fed rate cuts boosting crypto market potential
14:52 31.03.2025
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13:15 31.03.2025
Goldman Sachs forecasts three US rate cuts and raises recession risk to 35 percent
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