Tuesday, August 18, 2026Latest
Hospitality food prices barely rose in July as supply concerns grewReport finds dozens of ultra-wealthy officials in Trump administrationTariff refunds shift legal fight toward businesses and commercial buyersTrump’s Oman business ties raise questions about foreign policy conflictsSocial Security raise could reach 3.5% in 2027, estimates suggestJudge blocks planned FBI headquarters move to Washington office complex

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

Goldman sees September Fed rate hike as unlikely as bitcoin holds range

A2D News Desk

Goldman Sachs described a September Federal Reserve interest-rate increase as very unlikely after softer economic data on retail sales, employment and inflation, according to Chief Economist Jan Hatzius.

Bitcoin traded around $63,500, up 1% since midnight UTC, and remained within a $62,000 to $66,000 range that has held for more than a month.

Traders priced a 30.6% chance that the Fed would raise its benchmark rate by 25 basis points to a 3.75% to 4% range, with most expecting rates to stay unchanged, according to CME FedWatch data cited in the material.

Read the full story at CoinDesk.

Leave a Reply