Goldman Sachs Analyst: July 2023 US Fed Rate Hike Last In Cycle

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

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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.

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

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