Financial institutions and analysts predict the US Federal Reserve will cut interest rates twice in 2025 due to weak job growth in August, with Bank of America projecting two 25 BPS cuts and Goldman Sachs expecting three cuts. Citigroup forecasts a total 75 BPS cut this year.

Traders anticipate a 25 BPS rate cut at the next Federal Open Market Committee Meeting in September, with over 88% expecting a cut according to CME Group data. Lower interest rates may drive liquidity into crypto markets, fueling rising prices and bull runs.

Federal Reserve Chair Jerome Powell hinted at a potential rate cut in September during a speech at the Jackson Hole Economic Symposium due to signs of a weakening US jobs market. The US revised June job report lower twice, losing a total of 13,000 jobs, signaling more downward revisions in job numbers.

Read more at CoinTelegraph: Major Wall Street Banks say Two or More Rate Cuts Likely in 2025