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Key Takeaways
- Bitcoin has held $76,380 through several probes.
- FedWatch shows 86.5% odds of a hike.
- Sixteen listed forecasters see a September hike.
- Goldman now expects a 25bp rate increase.
- Fed projections could set the market reaction.
Goldman joins the September-hike camp
The Wall Street Journal reported that Goldman Sachs has changed its September call from no move to a 25-basis-point Federal Reserve rate increase. Goldman said CPI only slightly changed its core-PCE forecast, but concluded that holding rates steady while markets expect a hike could itself unsettle investors.
The forecast changed after August inflation data reinforced the case for tighter policy. The latest Consumer Price Index report showed prices rising 0.4% during the month, while annual headline and Read Entire Article
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