#BTC [Goldman Sachs: The growth shock in the U.S. means the Federal Reserve will be in a "certain degree of interest rate cut mode"] April 4 news, Ashish Shash, Chief Investment Officer of Public Investments at Goldman Sachs Asset Management, stated that the current "growth shock" facing the U.S. means that the Federal Reserve "will enter a certain degree of interest rate cut mode this year, exceeding expectations from six weeks or two months ago." Shash stated: "What we see in the bond market is reasonable pricing for the Fed opening the window, or the market indicating that the Fed may actually have to further ease policy." He added that recent economic data confirms this view, but "the additional level of tariffs we have seen in the last 24 hours... further raised this expectation." Thursday's market pricing shows that investors expect three to four interest rate cuts in 2025, up from about three the previous day.