Goldman Sachs sees September Fed rate hike as very unlikely

Goldman Sachs has expressed strong doubt that the U.S. Federal Reserve will raise interest rates in September. The investment bank's assessment follows a run of soft economic data that has dampened expectations for near-term monetary tightening. The development is seen as potentially positive for risk assets, including bitcoin, which tends to benefit when rate-hike pressure eases. Investors in cryptocurrency markets have taken note, as lower interest rate expectations generally reduce the appeal of holding traditional yield-bearing assets.