According to CoinMeta, Goldman Sachs has postponed its forecast for the Federal Reserve's second interest rate hike from October to December, as core personal consumption expenditure inflation in August (PCE) approached 3%, which was lower than expected. Goldman Sachs revised its interest rate forecasts after the release of inflation data on September 30 and made adjustments based on comments by Federal Reserve Chairman John Williams. The bank still expects a rate hike in December but believes that the Federal Open Market Committee may conclude that further hikes are no longer necessary. According to Investing.com data, core PCE inflation in August rose 0.25% from July, with a year-on-year increase of 3.01%, both below expectations. Goldman Sachs also adjusted its forecast for core PCE inflation in the fourth quarter to 3%, which is lower than the median forecast of 3.4% among Federal Reserve policymakers. Additionally, Investing.com reports that U.S. economic growth in the second quarter was upwardly revised by 0.7 percentage points to 2.2% annually, mainly due to strong consumption and investment. Nevertheless, the bank has lowered its growth forecast for the third quarter by 0.1 percentage points to 3.3%.