Goldman Sachs Analysts Expect Fed to Halt Interest Rate Hikes in September, Predict Bitcoin and Crypto Markets to Benefit from Declining Rates

08/14 05:50

Goldman Sachs analysts predict that the Federal Open Market Committee (FOMC) will halt interest rate hikes in September, followed by a decline in interest rates, which would benefit equity, Bitcoin, and crypto markets. The Nasdaq Composite and Bitcoin have both seen significant gains this year. Goldman Sachs expects interest rate reductions to begin in June 2024, with quarterly reductions thereafter.

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