💥BREAKING: WHITE HOUSE ECONOMIC ADVISOR KEVIN HASSETT SAYS | Chéng Lóng on Binance Square

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💥BREAKING:
WHITE HOUSE ECONOMIC ADVISOR KEVIN HASSETT SAYS THERE IS PLENTY OF ROOM FOR INTEREST RATE CUTS.

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🚨 Tomorrow’s FOMC meeting is the most important one since December 2024 🚨 It could decide whether crypto gets a Santa Rally or a Santa Dump. The Fed has already cut rates in the last two meetings and will likely cut rates again, but this time markets expect something much bigger. Major banks are hinting that tomorrow’s meeting may include the first signs of new liquidity tools. Some institutions even expect direct reserve injections to calm the banking system. If Powell confirms any of this, it would be one of the strongest bullish signals for crypto, which reacts the fastest to liquidity shifts. But the market is split. Today, October JOLTs job openings data came in higher than expected, showing labor demand is rising again. Inflation remains well above the Fed’s 2% target, and bond yields are spiking. This is a clear sign the bond market expects a more hawkish Fed. This means there are 2 major scenarios, and either of them could happen tomorrow. Bullish Scenario: Fed cut rates Announces liquidity injection Mentions that the labor market is weak Bearish Scenario: Fed cut rates Shows uncertainty about future cuts No mention of bond buying, and also admits that inflation is still hot But why is this FOMC meeting the most important since December 2024? This is because the Fed turned very hawkish after the December 2024 rate cut and mentioned that inflation is running hot. Due to this, alts peaked in December and they went d,own 60%-80% after that. If Powell says something similar, Santa Pump could become Santa Dump. And if Powell says the exact opposite of December 2024 meeting, the crypto market will see a relief rally.

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