Banking giant Goldman Sachs analysts have released a new forecast that the US Federal Reserve (FED) will not raise interest rates at the next meeting, along with bank failures.
Goldman Sachs analysts after the US-based bank bankruptcies The Fed’s interest rate policy He thinks he will change. In the evaluation note they published, the Fed’s March 22 at its meeting on to raise interest rates Analysts, who stated that they did not expect, did not change their interest rate forecasts after March. According to analysts Silicon Valley Bank (SVB) And Signature Bank because of the crises 50 basis point interest rate shelved for now.
After Fed Chairman Jerome Powell’s latest statements, the next rate decision will be made. 25 basis points even 50 basis points There were definite opinions that it could be. But analysts say that the major bank failures in the past week have from the tightening of the current economic policy. and interest rate hikes cannot continue at this rate. suggested.
Goldman Sachs analysts report in May, June, and July. 25 basis points While maintaining the rate hike expectations, he stated that there is a significant uncertainty about the interest rate hike path after March.
JPMorgan did not change its forecast
On the other hand, another banking giant detailing its views on interest rate prospects in its notes on the subject. JPMorgan Analysts, on the other hand, kept their forecast that the FED would raise interest rates by a quarter point in March. Analysts, market reaction and what’s happening in the banking industry 50 in its place 25 bases for a point increase. will present a strong argument stressed.
JPMorgan Chase & Co. US Chief Economist Michael Ferolicommented on the Fed’s stance on current policies as follows:
While the Fed wants tighter financial conditions to limit aggregate demand, it doesn’t want it to get out of hand quickly.
New rally can be triggered in Bitcoin!
on the other hand bitcoinreached after the chain of events that started with the FTX bankruptcy in the recent past. 16 thousand dollars experienced a rally by rising from the bottom price and up to $25,000 had reached. from this level reactive And in decline While this move is expected to turn into a correction in Bitcoin, it is the second largest stablecoin by market capitalization with over $40 billion in reserves after the bankruptcy of Silicon Valley Bank last week. USDC has $3.3 billion exposure to the bank emergence deepened the decline and regress to the 19 thousand dollar band had caused.
While there was a deep uncertainty for Bitcoin and the crypto money market, the expected good news came from the USA. With the joint statement issued by the US Department of the Treasury, the Fed and the Federal Insurance Agency (FDIC), Circle’s where USDC can get its funds back market the news became a lifeline. Bitcoin, which has risen rapidly after the news, is again over $22,000 output.
Experts say that this comeback and the FED’s next meeting made by analysts. to interest rate hikes can take a break In line with his predictions, a new trend for Bitcoin in the coming days. rally is possible is thinking.
In retrospect, 2008 Similarly, the bankruptcy of US-based banks and the accompanying a macroeconomic crisis Being one of the most critical events that triggered the birth of Bitcoin seems to confirm the opinion of the experts.