Goldman Sachs Predicts October Rate Hike as Fed Turns Hawkish

Goldman Sachs has revised its forecast, now expecting the Federal Reserve to raise interest rates by 25 basis points in October. This shift follows the Fed's September rate hike and hawkish signals from Fed Chair Kevin Warsh, who indicated that inflation remains too high. While CME FedWatch data shows a roughly 50% probability for an October hike, Bitcoin has remained stable near $76,000, suggesting the market has already priced in the potential for further tightening.