Goldman Sachs Shifts to Hawkish Stance as September Rate Hike Probability Hits 87%

Goldman Sachs (Goldman Sachs) has updated its forecast to expect a 25 basis point interest rate hike at the September 15-16 FOMC meeting, citing recent economic data including PPI and CPI figures. Markets now price in an 87% probability of a September hike, with JPMorgan (JPMorgan) predicting additional increases in December. Bitcoin is currently trading near $77,000, with investors concerned that persistent inflation and potential further rate hikes could maintain pressure on risk assets through the end of 2026.