Major Wall Street institution just reversed its stance on monetary policy timeline. After previously pulling expectations for a December rate cut, they're now forecasting the Fed will ease again before year-end.

This flip-flop highlights how rapidly the economic picture is shifting. Recent data prints apparently convinced their economists that cooling inflation and softening labor metrics justify another 25bp move in the final FOMC meeting.

For risk assets—especially crypto—this matters. Rate cut expectations typically fuel liquidity flows into alternative investments. If their call proves accurate, we could see renewed momentum as Q4 approaches. Markets are already pricing in higher odds since this forecast dropped.

Worth noting: institutional forecasts aren't guarantees, but when a top-tier bank changes direction twice in quick succession, it signals genuine uncertainty about the macro trajectory. Stay alert to upcoming economic releases that could validate or crush this prediction.