Is the US economy about to take off? This prediction is pretty bold.
National Economic Council Director Hassett recently made a statement: barring any surprises, the economy could really see a highlight moment next year. He gave specific numbers—a 3% growth in both Q1 and Q2—and also hinted that the Fed is about to start cutting rates, saying now is a "good time for a cautious rate cut."
The market reacted immediately. According to CME data, traders are betting heavily on a 25 basis point rate cut in December, with the probability surging to 86.2%. The chance of maintaining the current rate has dropped to just 13.8%.
The key moment is approaching—
At 3:00 AM Beijing time on Thursday, December 11, the Fed will announce its latest interest rate decision. Half an hour later, Powell will hold a press conference. The market generally expects rates to fall from 4.00% to 3.75%.
Honestly, this round of predictions does sound optimistic. Whether the US economy can really enter a "golden year" still depends on the actual data. But with such strong rate cut expectations, it's definitely a signal for the crypto market—lower traditional capital costs could benefit risk assets.
ETH's recent price action has also been focused on macro factors. If a rate cut happens, improved liquidity expectations would be a supporting factor for the price. Of course, it still depends on what the Fed says at the meeting and whether subsequent economic data can support this 3% growth forecast.
Do you think this rate cut will really happen? How big of an impact will it have on the crypto market?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
3
Repost
Share
Comment
0/400
AirdropCollector
· 15h ago
It’s the same rhetoric every year—they keep saying the economy is about to take off, but what actually happens? Anyway, I’m just waiting for the rate cuts to actually happen. Only then will we know if it’s real or not. No matter how much they hype it up now, it’s pointless.
View OriginalReply0
HodlKumamon
· 15h ago
86.2% probability sounds pretty high, but looking back at historical data, this kind of "high certainty" often gets slapped in the face in reality.
If rate cuts really do happen, improved liquidity would indeed be bullish for the crypto space, but the key still depends on what Powell says—a single sentence from him can change everything.
US 3% growth? That might be wishful thinking. When the data comes out, it's bound to be interesting.
Instead of guessing, it's better to wait for the results of Thursday morning's meeting. The truth will be revealed then, and I'll continue my regular investments without wavering.
Economic takeoff next year? Let me see if we can even make it to the end of this year first, haha.
View OriginalReply0
DEXRobinHood
· 15h ago
If rate cuts really happen, I'll go all in, but there's also a good chance it's all just lies...
Is the US economy about to take off? This prediction is pretty bold.
National Economic Council Director Hassett recently made a statement: barring any surprises, the economy could really see a highlight moment next year. He gave specific numbers—a 3% growth in both Q1 and Q2—and also hinted that the Fed is about to start cutting rates, saying now is a "good time for a cautious rate cut."
The market reacted immediately. According to CME data, traders are betting heavily on a 25 basis point rate cut in December, with the probability surging to 86.2%. The chance of maintaining the current rate has dropped to just 13.8%.
The key moment is approaching—
At 3:00 AM Beijing time on Thursday, December 11, the Fed will announce its latest interest rate decision. Half an hour later, Powell will hold a press conference. The market generally expects rates to fall from 4.00% to 3.75%.
Honestly, this round of predictions does sound optimistic. Whether the US economy can really enter a "golden year" still depends on the actual data. But with such strong rate cut expectations, it's definitely a signal for the crypto market—lower traditional capital costs could benefit risk assets.
ETH's recent price action has also been focused on macro factors. If a rate cut happens, improved liquidity expectations would be a supporting factor for the price. Of course, it still depends on what the Fed says at the meeting and whether subsequent economic data can support this 3% growth forecast.
Do you think this rate cut will really happen? How big of an impact will it have on the crypto market?