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Treasury Secretary Scott Bessent has called for a 50-basis-point rate cut in September following weak job revisions and soft inflation data. Crypto markets, including Ethereum, rallied as traders anticipated deeper rate cuts.
- Treasury Secretary Scott Bessent advocates for a 50bps Fed rate cut in September due to weak jobs data and inflation trends.
- Crypto markets, including Ethereum, surged as traders anticipated looser monetary policy boosting risk assets.
- Investors remain cautiously optimistic, with options activity showing a focus on downside protection amid macro uncertainty.
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