Goldman Sachs has lowered the probability of a recession in the United States in the next year from 25% to 20%.

News from Deep Tide TechFlow: Goldman Sachs has lowered the probability of a recession in the United States in the next year from 25% to 20%, mainly based on recent retail sales and unemployment data. Goldman Sachs expects the Fed to cut interest rates by 0.25% in September. However, JPMorgan Chase has raised the probability of a recession before the end of the year to 35%.

Regarding the impact on Bitcoin, analysts at IG Markets believe that Goldman Sachs' adjustment is small and is unlikely to trigger a large-scale flow of risk assets. Experts at 10x Research state that the rate cut may be a short-term positive for Bitcoin but also implies recession risks, so investors should be cautious.