Former Goldman Sachs executive hints at a September rate hike; I know this script well—first raise expectations, then slap down, the market will tremble a bit first.

Crypto.com Market News: Goldman Sachs Group’s vice chairman and former Dallas Federal Reserve Bank president, Kaplan, said that if inflation remains persistently high, the Federal Reserve may need to raise rates as early as September. He noted that if inflation data does not cool from now until September, it would be wise for the Federal Reserve to take action in September or during the autumn. Kaplan also said that the Fed’s policy actions are rarely a single move; rate hikes often come in a series of two or three, so if it acts in September, people need to be prepared for another one or two rate hikes.