Goldman Sachs now expects Fed to hike rates by 25 bps in September
- —Goldman Sachs revised its forecast in favor of a 25 bps rate hike in September
- —FedWatch estimates the probability of a hike at 86.2%
- —Wellington Altus strategist: inflation outlook unchanged, rate hike is for Wall Street
- —Wage growth slowed to 3.1% year-over-year
Why it matters: A Fed rate hike pressures risk assets, including cryptocurrencies, increasing market volatility.
Source: Bloomingbit