Key Highlights: Goldman Sachs moved its forecast for the Federal Reserve’s next interest rate hike from October to December. August core PCE inflation slowed to 3.0% year on year, below the 3.3% market forecast. Strong US consumer spending could keep pressure on the Federal Reserve despite softer inflation data. Goldman Sachs Delays Federal Reserve Rate ...
Key Highlights: Bitcoin fell after briefly rising above $87,000 and is now trading near $83,000. New York Fed President John Williams said there is “no need to rush” into another monetary policy step. Market-implied expectations for an October Fed rate hike dropped from about 70% to below 50% as investors assessed the latest PCE data. ...
Key Highlights: Market-implied expectations for a Federal Reserve interest-rate hike in October fell from approximately 70% to 50%. New York Fed President John Williams said there is “no need to rush” into another monetary policy move. Williams said inflation remains very high, while the Fed has had enough time to assess economic data since its ...
Key Highlights Federal Reserve Board Governor Michael Barr said the Fed may need to raise interest rates further. The goal is to bring inflation down to the Federal Reserve’s 2% target. Crypto traders have reduced their bets on a possible October rate hike, which would be the second increase this year. Michael Barr Says Further ...
Key Highlights Major Wall Street banks have shifted to more hawkish rate forecasts following the Federal Reserve’s September 25 basis point hike, with the median analyst prediction now pointing to one additional 25 basis point increase. Forecasts are split on timing: NatWest, Swedbank, and Goldman Sachs see an October hike, while Standard Chartered and Commerzbank ...
A new study from the Federal Reserve Bank of New York reveals that dollar-pegged stablecoins flow more aggressively into digital wallets linked to countries undergoing currency or banking crises, highlighting a growing challenge for central banks attempting to manage capital flight. Crisis-Linked Wallets Show Higher Stablecoin Receipts Researchers Pablo Azar, Maryam Farboodi, and Nish Sinha ...