BITPRISMIA
U.S. Treasury Secretary Scott Bessent suggests a cautious start to Federal Reserve rate cuts with a potential acceleration, highlighting implications for the economy and markets.
Analysts warn Ethereum investors about potential over-optimism regarding US rate cuts by the Federal Reserve, which may already be priced into the market, risking a correction if expectations are not met.
Former President Donald Trump is set to announce his pick for the next Federal Reserve Chair, a decision that could significantly influence monetary policy and the cryptocurrency market.
The article discusses the significance of the Federal Reserve Chair role, the potential candidates for the position, and the impact their decisions will have on the global economy.
Treasury Secretary Scott Bessent calls for a 50 basis point Federal Reserve rate cut in September following favorable inflation data, sparking market optimism and potential upside for crypto assets.
Former U.S. President Donald Trump is reportedly considering a lawsuit against Federal Reserve Chair Jerome Powell over alleged mismanagement of Fed building costs and monetary policy decisions.
The US CPI data for July showed a lower-than-expected inflation rate of 2.7%, signaling a potential easing of inflation and boosting optimism in the cryptocurrency market.
The article discusses the increasing likelihood of a Federal Reserve rate cut in September, highlights key economic data releases, and notes significant movements in cryptocurrency markets.
The Asian foreign exchange market is experiencing significant shifts due to tariff jitters, US dollar weakness, and uncertainty around Federal Reserve succession, impacting global economic dynamics.
President Donald Trump has nominated pro-crypto Stephen Miran to the Federal Reserve Board of Governors, signaling a potential shift towards crypto-friendly policies, which has positively impacted Bitcoin and the broader crypto market.