Fed Hike Fallout: Goldman Predicts Second Rate Hike in October

The market is digesting the aftermath of the Federal Reserve's interest rate hike, which was widely expected. Goldman Sachs has revised its outlook, predicting a second Fed hike in October, rather than just one as previously thought.

President Trump will meet with Gulf Cooperation Council leaders next week to discuss the Iran war, according to Axios reporter Barak Ravid. Meanwhile, Saudi Arabia is offering extra crude cargoes to Asian refiners through ship-to-ship transfers off Oman's Sohar port, easing supply fears.

The US Congress has advanced two crypto-related bills: a tax bill extending wash sale rules and a Bitcoin reserve bill. Deutsche Bank plans to offer regulated Bitcoin and Ether custody to European institutional clients by the end of 2026, pending approval from Germany's BaFin regulator.