Goldman Sachs Sees September Rate Hike as Unlikely, Boosting Bitcoin Sentiment

TL;DR

• Rate Outlook: Goldman Sachs sees a September rate hike as very unlikely, easing pressure on Bitcoin after weeks of narrow trading.
• Economic Data: Soft retail sales, cooling employment figures, and slowing inflation pushed Goldman Sachs toward a more dovish stance, suggesting market expectations remain too hawkish.
• Bitcoin Impact: Traders now price in only a 30.6% chance of a Fed hike, with Bitcoin holding near $63,500 as sentiment improves following Goldman Sachs’ updated view.
  

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Goldman Sachs has signaled that a September Federal Reserve rate hike is “very unlikely,” a shift that immediately caught the attention of crypto traders looking for direction after weeks of stagnant price action. Bitcoin is trading near $63,500 with a modest 1% gain since midnight UTC. Yet, the asset remains confined to the $62,000 to $66,000 range that has defined its behavior since early July. With liquidity expectations now tilting slightly more dovish, the latest assessment from Goldman Sachs is being viewed as a potential catalyst for renewed market momentum.

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