News

Goldman Sachs Analyst Predicts US Fed Rate Hike Relief; Bullish For Bitcoin?

Goldman Sachs analyst said July CPI inflation data shows consistency in maintaining overall path to disinflation, will Bitcoin price rally?
Published by
Goldman Sachs Analyst Predicts US Fed Rate Hike Relief; Bullish For Bitcoin?

Crypto News: Despite the first increase in annual rate of inflation in around 12 months, analysts are predicting that the overall economic trends suggest that the ongoing progress of disinflation is maintaining. On Thursday, the U.S. Bureau of Labor Statistics reported that the inflation in the United States rose by an annual rate of 3.2% in July 2023. In July, the Consumer Price Index (CPI) for All Urban Consumers increased 0.2 percent, seasonally adjusted, and rose 3.2 percent over the last 12 months, not seasonally adjusted, the Department said.

Also Read: Billionaire David Rubenstein Bullish On ‘Mighty’ Blackrock Bitcoin ETF

Meanwhile, easing of the US Federal Reserve’s monetary policy could be a positive sign for the crypto market, as increased liquidity may lead to rise in crypto investments. On the regulatory front, the Bitcoin price may be boosted with developments around the Blackrock Bitcoin ETF, and the Bitcoin Halving event scheduled in the second quarter of 2024.

Advertisement

Goldman Sachs Analyst: July Rate Hike Was Last

Earlier, Bloomberg reported a quote from Gurpreet Gill, global fixed income macro strategist at Goldman Sachs Asset Management, on the macroeconomic scenario. The underlying details of the July CPI inflation data shows consistency in maintaining an overall path to disinflation, she said. She also expressed belief that the peak of the US Federal Reserve’s interest rate increases was likely in July 2023.

Also Read: XRP Advocate Deaton Challenges SEC’s Ripple Verdict Appeal Igniting Legal Debate

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Can Hype Price Hit $50 After Robinhood Listing?

HYPE, the native token of the decentralized exchange Hyperliquid, has witnessed a notable price surge…

October 24, 2025
  • News

XRP News: Ripple Unveils ‘Ripple Prime’ After Closing $1.25B Hidden Road Deal

In the latest XRP news, Ripple has introduced 'Ripple Prime,' which it plans to integrate…

October 24, 2025
  • News

Traders Price In Two More Fed Rate Cuts This Year After Soft Inflation Data

Traders are betting on the FOMC to make two more rate cuts this year following…

October 24, 2025
  • News

Crypto.com Joins Ripple in Banking License Bid Amid Industry Push for Market Structure Bill

Crypto.com has submitted an application with the U.S. National Trust Bank Charter. It aims to…

October 24, 2025
  • Bitcoin News

Breaking: U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

The U.S. CPI inflation data came in below expectations, increasing the odds of two more…

October 24, 2025
  • Uncategorized

Bitcoin Crash Incoming? Tom Lee Backs Peter Brandt’s 50% Decline Prediction Despite Strong ETF Inflows

BitMine’s Tom Lee and veteran trader Peter Brandt have both warned of a potential 50%…

October 24, 2025