Goldman Sachs just shifted its Fed rate cut timeline. Instead of the earlier March and June cuts, they're now penciling in two 25-basis-point cuts for June and September instead.

Here's what matters: The bank expects the Fed funds rate to land between 3% and 3.25% by end of 2026. That's a meaningful shift in the monetary policy outlook. On the flip side, Goldman's recession probability estimate just got dialed back to 20% from the previous 30%—a small but telling adjustment.

The delayed cut scenario suggests a more gradual rate-cutting cycle ahead, which could reshape how capital allocates across risk assets. For crypto markets tracking Fed signals closely, this timeline adjustment is worth monitoring as it influences everything from stablecoin demand to risk appetite in the broader ecosystem.