Goldman Sachs Now Expects a Fed Rate Hike in September

The significance here is less the hike itself than the speed of the repricing: a single CPI print moved a major house and market-implied odds to near-certainty within the same session, which says the September outcome is now treated as data-dependent rather than path-dependent. That matters most for rate-sensitive corners of crypto and tokenized real-world assets, where the discount-rate channel has been the dominant macro driver. The open question is whether the next inflation or labor print can undo a call this lopsided, or whether positioning simply hardens into the meeting.