Best Crypto to Buy as Banking Giants Now Predict at Least Two Rate Cuts in 2025

Jerome Powell, the Fed Chair, in his speech at Jackson Hole on August 22, hinted that the Fed might cut interest rates in September.

Now, weak U.S. jobs market data has increased the chances of not one, but at least two rate cuts in 2025.

For the first time since April 2021, there are more unemployed people (7.24M) in the U.S. than available job openings (7.18M). According to the Kobeissi Letter, the U.S. has revised June’s job report for the second time, showing a loss of 13,000 jobs – the first negative month since July 2021. Meanwhile, August saw only 22,000 jobs added against an expected 75,000.

This is why many banks have revised their earlier rate cut predictions and are now expecting a 50 to 75 bps cut before the end of the year.

Read on to learn what banks are saying about