Goldman Sachs directly said the market’s bet on the Federal Reserve is too hawkish—“very unlikely” that there will be a rate hike in September! With retail sales weakening, employment data soft, and inflation continuing to cool, these three moves basically make a rate hike unlikely. Now that the market has re-priced the interest-rate path, Goldman thinks the adjustment still isn’t enough. Folks, rate-cut expectations have been pushed back one more step—will interest-rate-sensitive assets like gold and Bitcoin get hyped again?