According to Evan (@StockMKTNewz), JPMorgan has updated its forecast, now expecting Jerome Powell and the Federal Reserve to implement the first interest rate cut in December 2025, instead of the previously anticipated September timeline. The bank also reduced its projected probability of a US recession in 2025 to less than 50 percent (source: @StockMKTNewz, May 13, 2025). For crypto traders, this delayed rate cut could extend the current tight liquidity environment, potentially leading to continued volatility and subdued momentum in major cryptocurrencies like Bitcoin and Ethereum. Investors should closely monitor macroeconomic indicators and Fed communications for any shifts that might impact risk asset flows.