Goldman Sachs: Markets Price In More Fed Rate Hikes Than Warranted
- —Kaplan sees one more hike to 4–4.25% possible but favors skipping October
- —Goldman Sachs expects core PCE to slow to 2.2% by Q4 2027
- —10-year Treasury yield hit a 19-year high of 5.14%
- —Bitcoin trades at $83,703 as the dollar index rose to 101.25
Why it matters: Rate-hike expectations pressure bitcoin and risk assets via higher Treasury yields and a stronger dollar.
Source: CoinGape