Goldman Sachs Reverses Its Federal Reserve Rate Hike Forecast Twice Within Four Days
Goldman Sachs revised its expectations for U.S. interest rate hikes twice within four days in September 2026, initially forecasting only a single hike before shifting to anticipate another increase by October. This change followed the Fed's decision on September 16 and updated projections showing higher inflation forecasts and hawkish comments from Chair Kevin Warsh. The reversal reflects uncertainty about whether the tightening cycle had ended or would continue into late 2026. The implications for cryptocurrencies like Bitcoin (BTC-USD) and XRP (XRP-USD) are significant, as an October hike is less priced in compared to September's move. A Fed signal that the hiking cycle has concluded could mark a potential low point for crypto markets; however, if officials shift their projections again toward December hikes, it may push Bitcoin and XRP closer to key support levels. Goldman’s evolving stance highlights how sensitive market expectations are to subtle shifts in central bank communication. The Fed's dot plot showed 16 of 18 policymakers expecting at least one more hike this year, with four anticipating two additional increases.
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Topics: Bitcoin (BTC) Federal Reserve Goldman Sachs interest rates XRP