S&P Global Market Intelligence, like many other analysts, believes that a Fed rate cut in June is likely, based on the current market trends. The likelihood of a rate cut has grown over time as investors analyze inflation and other economic indicators. With a growing consensus in the market favoring a rate cut in June, S&P Global Market Intelligence has also shared this viewpoint.

Chris Williamson from S&P Global Market Intelligence predicts a Fed rate cut in June 2024. He emphasized the importance of the labor market cooling down before a rate cut is considered. The recent data in February, while slightly disappointing, has provided insight for the Fed to assess the market conditions before making a decision.

Goldman Sachs, another prominent financial institution, shares a similar opinion to S&P Global Market Intelligence regarding the Fed's possible rate cut in June. Initially, Goldman Sachs had predicted the first rate cut to happen in December 2024, but revised their forecast in December 2023 to include three rate cuts, with the first one expected in the third quarter of 2024.

The market has already priced in three rate reductions for 2024, with the first expected at the March meeting before a decrease in expectations due to indications from Fed policymakers and economic data. This uncertainty may lead to market volatility, especially in the cryptocurrency market, where investors are influenced by the Fed's rate decisions.

While lower interest rates typically devalue government securities, they can increase the appeal of riskier assets like bitcoin. A strong economy usually supports high investment demand, indicating that the Fed's decision may not slow down the growth of the cryptocurrency market.