Bank of America has published a forecast indicating that the U.S. economic growth will be 1.5% in 2025. CEO Brian Moynihan noted the positive influence of current market conditions on corporate and retail spending.
U.S. Economic Growth Forecast
Bank of America expects the U.S. economy to grow by 1.5% in 2025. Brian Moynihan stated during an earnings call that the current market conditions have led to positive corporate and retail spending.
No Fed Rate Cuts Expected
Moynihan emphasized that the Federal Reserve is unlikely to cut rates next year, creating optimistic conditions for the markets. The expectation of stable rates enhances confidence among institutional investors, who may see this as an opportunity to invest in risk assets.
Rising Bitcoin Sentiment and Economic Stability
Bitcoin sentiment is rising alongside the anticipated economic stability. Bitcoin (BTC) is currently trading at $119,789.89, with a market cap of $2.38 trillion. Research indicates that under stable conditions, institutional investors tend to increase their activity in risk assets. Historically, DeFi protocols and major cryptocurrencies have shown increased activity during such projections.
Bank of America's forecasts regarding U.S. economic growth and stable interest rates create a positive market atmosphere, particularly in the cryptocurrency sector. These conditions are expected to continue supporting the growth of Bitcoin and other assets.