#inflation

The post Goldman Sachs Sees Fed on Hold Longer, Pencils In December Rate Cut appeared on BitcoinEthereumNews.com. Goldman Sachs has pushed back its forecast for the next two Federal Reserve rate cuts to December 2026 and March 2027. The revision comes as the bank expects inflation in 2026 to be higher than the Fed’s 2% target. Inflation Forces Goldman Sachs to Rethink Fed Rate Cut Calendar Goldman’s report highlighted that energy cost pass-through will likely keep core Personal Consumption Expenditures (PCE) inflation near 3% throughout 2026. Previously, the International Monetary Fund (IMF) also projected that core PCE would return to 2% only in early 2027. Meanwhile, Goldman’s US economists argued cooler monthly readings and weaker labor data must arrive first for the rate cuts. The Federal Open Market Committee held the federal funds rate at 3.50% to 3.75% on April 29, reporting stable economic conditions across most districts. That meeting drew four dissents, the most since 1992. S

The post Bitcoin faces pressure as Fed forecasts hotter inflation, potential rate hikes appeared on BitcoinEthereumNews.com. ## Market Snapshot Bitcoin price is facing downward pressure with markets pricing a 40% YES on a potential dip to $75,000 by May 31. Additionally, the likelihood of Bitcoin being above $72,000 on May 12 remains high at 100% YES. ## Key Takeaways – Market activity suggests potential downward pressure on Bitcoin, consistent with a possible downside breakout. – Hotter inflation forecasts by the Fed appear to contribute to increased pricing supportive of a decline in Bitcoin’s value. – Bitcoin’s struggle to maintain higher price targets is consistent with uncertainty from economic pressures and rate hike discussions. ## Article Body Recent forecasts from the Federal Reserve indicate a hotter inflation trajectory, which could influence Bitcoin’s market dynamics. The ongoing conflict between the United States and Iran, known as “Operation Epic Fury,” has disrupted key

Bitcoin's vulnerability to inflation and rate hikes highlights broader economic uncertainties, potentially affecting investor confidence and market stability. The post Bitcoin faces pressure as Fed forecasts hotter inflation, potential rate hikes appeared first on Crypto Briefing.

BTC’s rising wedge points to a possible drop toward $70,000 as Strategy pauses buying and inflation cools Fed rate-cut hopes.

The Chicago Fed head talks GPTs, the rate outlook, and new Fed nominee Kevin Warsh