U.S. officials predict an "economic golden year" next year, Fed rate cut expectations rise again

[Crypto World] The Director of the U.S. National Economic Council, Hassett, recently made a bold statement—unless some unexpected “black swan” event occurs, next year will be a “golden year in economic history.”

He’s very confident about growth expectations. If next year’s GDP growth in the first and second quarters is only 3%, he still thinks it’s “not enough,” believing “it could easily be another percentage point higher.” Such optimism is quite rare.

Additionally, he mentioned again that the Fed may cut interest rates next week. His exact words were “now is a good time for the Fed to cautiously cut rates again.” It seems policymakers are quite eager to ease monetary policy.

However, that said, this combination of high growth and rate cuts is indeed rare. How will the market react? Will crypto assets benefit as well? We’ll have to keep an eye on subsequent data and the Fed’s actual moves.