US banking giant Goldman Sachs predicts that the Fed will raise interest rates at least four times by the end of 2022.
According to Bloomberg, Goldman Sachs expects rate hikes at least four times by the end of this year. He also says the Fed will shrink its balance sheet from July. The unemployment rate, which was announced last Friday, is 3%. Data showing that it fell to 9 strengthened the possibility of a Fed rate hike in March. According to CME Group’s FedWatch tool, the probability of the Fed increasing interest rates in March from 61% last week to 73% now.
As it is known, the Fed’s statements in December caused a decline in the Bitcoin market. The Fed announced at least three rate hikes by the end of 2022 and the end of its asset purchase program by March.
Bitcoin is down 40% since it set a new record at $69,000 on November 10 after the release of inflation data. Bitcoin, which declined to $ 40, 500, is trading at $ 41, 440 as of publication time.