TechFlow news, January 13 — According to CoinDesk, boosted U.S. employment data has led Goldman Sachs to lower its expectations for Federal Reserve rate cuts. The bank has pushed back its forecast for the first rate cut from March to June and now expects only two cuts in 2025. Bank of America is even more cautious, suggesting the Fed might extend its pause on rate cuts or even consider hiking rates again. Market attention turns to the CPI data due January 15, where a fifth consecutive monthly increase of 0.3% could further strengthen hawkish expectations.
Since the Fed's first rate cut in September 2023, Bitcoin has surged over 50%, briefly surpassing $108,000 to reach a new all-time high. Currently, the market widely anticipates that Bitcoin may test the $92,000 support level, which has consistently provided support since last November.
