Fed Rate Cut Call by Bessent Targets 50bps Reduction in September
U.S. Treasury Secretary Scott Bessent has called for the Federal Reserve to implement a 50 basis point rate cut in September. This bold MOVE could signal a shift in monetary policy amid evolving economic conditions.
Market participants are closely monitoring potential impacts on risk assets, including cryptocurrencies. Historically, accommodative Fed policies have correlated with increased capital flows into digital assets.