🟨 What’s happening: Goldman Sachs’ Chief Economist Jan Hatzius has reacted to soft labor data (likely weaker-than-expected jobs growth or rising unemployment) by saying the chances of a Federal Reserve rate cut in September have increased.

He’s even floating the possibility of additional cuts in October and December.

🟩 Why it matters:

Soft jobs data = slowing economy. The Fed might act to stimulate growth.

Lower rates = cheaper borrowing. Good for:

Businesses: Easier to finance expansion

Consumers: Lower mortgage/car loan/credit costs

Investors: Risk assets (like stocks and crypto) tend to benefit

Gold and #Bitcoin: #Often rise when real yields drop

🟥 Risks:

If inflation hasn’t cooled enough, rate cuts could spark a rebound in prices.

Too many cuts too fast = market overheating again

📉 Market Impact:

Stock market: Likely #bullish short-term

Gold, Bitcoin, growth stocks: Potential upside