According to Chaoxiang Research, a Goldman Sachs report dated August 26 noted that the Federal Reserve’s Jackson Hole Symposium will take place from August 27 to 29, with Chair Powell’s speech at 10:00 a.m. New York time on Friday being the market’s focal point. Goldman Sachs expects Powell to reiterate the 2% inflation target, outline the Fed’s communication strategy, and discuss macroeconomic topics such as AI and productivity, but will not provide clear policy guidance for the September FOMC meeting. Goldman Sachs believes that the consecutive improvement in inflation data for June and July has strengthened the confidence of most FOMC members in maintaining current interest rates. One more round of CPI and PPI data will be released before the September 16 meeting, with core inflation expected to rise by approximately 0.2% month-over-month in August. A methodology adjustment on September 30 is projected to reduce year-over-year core PCE by at least 0.2 percentage points, and the largest inflationary impacts from tariffs, oil prices, and AI-driven demand have already passed. Goldman Sachs expects the FOMC to hold rates steady in September and through the end of the year.
Goldman Sachs Forecasts Fed to Hold Rates in September Amid Easing Inflation
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Summary
Goldman Sachs expects the Fed to hold rates steady in September as inflation moderates, with BTC gaining attention among investors as a hedge against inflation. The Jackson Hole symposium runs from August 27 to 29, with Powell’s speech on Friday serving as the key event. The report notes that June and July inflation data have bolstered the FOMC’s confidence in maintaining rates. With CPI and PPI data upcoming and a core PCE update scheduled for September 30, the Fed is likely to keep rates unchanged through year-end. Meanwhile, CFT (Countering the Financing of Terrorism) regulations remain a priority for global markets.
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