Goldman Sachs: September Fed Rate Hike Unlikely, Could Bolster Bitcoin

BitcoinWorld Goldman Sachs: September Fed Rate Hike Unlikely, Could Bolster Bitcoin Goldman Sachs has signaled that a Federal Reserve rate hike in September is highly unlikely, citing softening U.S. retail sales, weakening employment data, and easing inflation.

The investment bank’s analysis suggests that this scenario could improve market liquidity conditions, potentially providing a tailwind for risk assets like Bitcoin. What’s Behind the Forecast?

Jan Hatzius, Goldman Sachs’ chief economist, noted that inflation is more likely to continue improving than to reaccelerate over the remainder of the year.

This view is supported by recent economic indicators that point to a cooling economy, reducing the pressure on the Fed to tighten monetary policy further.