tldr; U.S. Treasury Secretary Scott Bessent suggested a 50-basis-point rate cut in September following revised employment figures and favorable inflation data. Lower rates could boost spending, investment, and risk assets like crypto. Crypto markets responded positively, with Ethereum reaching multi-year highs. While a 25-basis-point cut is expected, further jobs and inflation data could influence decisions. Investors remain cautiously optimistic, balancing potential rallies with downside protection amid macro uncertainties.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
AgitatedDragonfly769 on
The biggest candle ever seen?
SkepticalEmpiricist on
I read somewhere that the market is already pricing-in a 95% chance of a cut. But I guess they’re predicting a cut of 25 basis points?
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tldr; U.S. Treasury Secretary Scott Bessent suggested a 50-basis-point rate cut in September following revised employment figures and favorable inflation data. Lower rates could boost spending, investment, and risk assets like crypto. Crypto markets responded positively, with Ethereum reaching multi-year highs. While a 25-basis-point cut is expected, further jobs and inflation data could influence decisions. Investors remain cautiously optimistic, balancing potential rallies with downside protection amid macro uncertainties.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The biggest candle ever seen?
I read somewhere that the market is already pricing-in a 95% chance of a cut. But I guess they’re predicting a cut of 25 basis points?