TechFlow news: Goldman Sachs has lowered its forecast for the probability of a U.S. recession within the next year from 25% to 20%, primarily based on recent retail sales and unemployment data. Goldman expects the Federal Reserve may cut interest rates by 0.25% in September. However, JPMorgan Chase has raised its recession probability forecast for year-end to 35%.
Regarding Bitcoin implications, an analyst at IG Markets believes the adjustment by Goldman is minor and unlikely to trigger significant flows into risk assets. Experts at 10x Research note that rate cuts could provide short-term support for Bitcoin, but also signal underlying recession risks, advising investors to remain cautious.
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