Goldman Sachs pushes back Fed rate hike call to December after soft inflation
- —August core PCE slowed to 3.0% y/y vs 3.3% expected and the Fed's 3.2% estimate
- —Goldman Sachs sees Q4 core PCE at 3% versus the FOMC's 3.4% median projection
- —The 10-year Treasury yield hit 5.29%, the highest since 2007
- —US personal spending rose 0.9% while income grew 0.2%; the savings rate fell to 4.1%
Why it matters: Cooling inflation eases pressure on the Fed, but record Treasury yields keep pulling capital away from bitcoin.
Source: Coin Türk