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

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.

However, the FOMC may decide to hold steady on interest rates instead of cutting, and the pace of cuts is uncertain. If Bitcoin breaks above $29,600, it could climb to $30,200 and potentially rally further.

Bitcoin Bitcoin $61,400.88
+0.41%
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