Bessent dey call for 50bps Fed Rate Cut, e boost Ethereum
Treasury Secretary Scott Bessent talk say make dem cut Fed rate by 50bps for September after dem revise data show say dem cut 258,000 jobs for May and June, plus inflation for July rise 2.7% year on year. E talk say dem fit cut rate for June or July if first number dem correct. This kain talk for Fed rate cut don boost risk asset, like Ethereum don climb reach many years high and Bitcoin dey rally as people dey talk say altcoin season fit dey. Options data show traders dey buy downside protection before dem fit cut for Q3. President Trump Fed board nominee, Stephen Miran fit make rate cut get weight if dem confirm am before September. Crypto traders suppose dey watch for jobs report and inflation data wey go come to sabi Fed policy and how e go affect market liquidity.
Bullish
By say Bessent want make dem cut Fed rate by 50bps, e show say im dey shift to monetary easing wey normally mean say yields go low and investors go dey find risky tins like Ethereum. For short term, people wey dey speculate say Fed go cut rate don already push Ethereum reach multi-year high, as traders dey use the better liquidity and borrowing incentives take play. Options data wey show say people dey build downside protection mean say dem dey optimistic but still dey hedge against possible wahala for September meeting. For long term, if Fed truly reduce rates, the cheaper cost of money fit make more money flow enter Ethereum and other crypto assets, this one fit make the bullish trend strong. But if inflation still dey above 2%, e fit limit how much dem fit ease and the market fit still dey shakey. Overall, the chance say rates go low make Ethereum price get better outlook and e support a bullish stance.