Major financial institutions are recalibrating their Fed rate cut expectations for 2025. The latest projections now point to potential 25-basis-point reductions hitting in June and September, marking a significant shift from earlier forecasts that anticipated cuts in January and April. This policy pivot reflects evolving assessments of inflation dynamics and economic conditions. For crypto and broader financial markets, such timing changes in monetary easing cycles carry important implications for asset flows and market sentiment throughout the year.