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š Crypto Market Eyes Rally Amid US Treasury Secretaryās Fed Rate Cut Call šØ
As the US economy and the crypto market face a severe downturn, Treasury Secretary Scott Bessent calls for an interest rate cut by the Federal Reserve.
Pointing to falling bond yields and a decline in inflation from 2.8% to 2.4%, the Treasury Secretary drew the Fedās attention to the immediate need for action.
If the Fed acts on Bessentās recommendation and cuts interest rates, it could spark a bullish run in the crypto market.
Polymarket odds suggest a 46% chance of a 25bps rate cut, with a 48% chance of no change.
According to a recent Reuters report, US Treasury Secretary Scott Bessent has called on the Federal Reserve to lessen interest rates in response to deteriorating economic conditions.
Commenting on the matter, Scott Bessent stated, āWeāre seeing that two-year rates are now below fed funds rates, so thatās a market signal that they think the Fed should be cutting.ā
At the same time, the crypto market has also seen a severe downturn, with top cryptocurrencies like Bitcoin struggling to maintain momentum.
However, the Fedās potential dovish stance could result in a significant uptrend in the crypto market.
#FederalReserve #JeromePowell #FederalFundRate #RateCutExpectations
As the US economy and the crypto market face a severe downturn, Treasury Secretary Scott Bessent calls for an interest rate cut by the Federal Reserve.
Pointing to falling bond yields and a decline in inflation from 2.8% to 2.4%, the Treasury Secretary drew the Fedās attention to the immediate need for action.
If the Fed acts on Bessentās recommendation and cuts interest rates, it could spark a bullish run in the crypto market.
Polymarket odds suggest a 46% chance of a 25bps rate cut, with a 48% chance of no change.
According to a recent Reuters report, US Treasury Secretary Scott Bessent has called on the Federal Reserve to lessen interest rates in response to deteriorating economic conditions.
Commenting on the matter, Scott Bessent stated, āWeāre seeing that two-year rates are now below fed funds rates, so thatās a market signal that they think the Fed should be cutting.ā
At the same time, the crypto market has also seen a severe downturn, with top cryptocurrencies like Bitcoin struggling to maintain momentum.
However, the Fedās potential dovish stance could result in a significant uptrend in the crypto market.
#FederalReserve #JeromePowell #FederalFundRate #RateCutExpectations
Today is 11:00 PM to 11:30 PM is very important time for Crypot Market.In simple word for bull run.
#FederalFundRate
#FOMCstatment
#FOMCmeeting
#FederalFundRate
#FOMCstatment
#FOMCmeeting
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