According to Coinjie.com, Ashesh Shash, chief investment officer of public investment at Goldman Sachs Asset Management, said that the "growth shock" currently facing the United States means that the Fed "will enter a certain rate cut this year, exceeding expectations six weeks or two months ago." "What we're seeing in the bond market is reasonable pricing that the Fed opens window, or the market says the Fed may actually have to relax policy further," Shash said. He added that recent economic data confirms that view, but "the additional tariff levels we've seen in the past 24 hours ... have further raised that expectation." Thursday's market pricing showed investors expect three to four rate cuts in 2025, up from about three the day before.