The bulls are out! Goldman Sachs just announced that the Federal Reserve is expected to cut rates three times this year, likely in September, October, and December, mainly due to the poor U.S. employment data. The new job additions have dropped to about 30,000 per month, whereas maintaining a healthy economy requires at least around 80,000 new jobs each month. Moreover, Goldman believes that future data revisions might look even worse.

They analyzed that it's not just due to trade and immigration issues; the key point is that the temporary 'compensatory hiring' that occurred earlier has basically disappeared, and growth across various industries has stagnated. Goldman reminds everyone not to be misled by the current stable unemployment rate; any slight disturbance in the labor market should be taken seriously. If the unemployment rate starts to rise significantly, the Federal Reserve might take more aggressive action, potentially cutting rates by 50 basis points at once. This means that for the cryptocurrency market, rate cuts equate to increased liquidity; if the Federal Reserve were to open the floodgates three times in a row, the U.S. dollar could weaken, resulting in more money in the market, and some of that hot money could seek opportunities everywhere, including flowing into risk assets like cryptocurrencies. A looser traditional market is often not bad for the crypto space, so everyone should pay close attention to subsequent employment data, especially changes in the unemployment rate, as this directly affects the magnitude and speed of the Federal Reserve's liquidity measures.

So, you understand what to pay attention to, right? Let's talk? #美联储取消创新活动监管计划 $BTC