U.S. Treasury Secretary Scott Bessent has called on the Federal Reserve to accelerate rate cuts even as labor market data remains resilient. Initial jobless claims came in at 208,000—slightly better than the 210,000 forecast—signaling steady employment conditions.

Yet Bessent's push for faster easing suggests growing confidence that inflation pressures are manageable. The Fed funds rate currently sits in the 3.5-3.75% range following 75 basis points of cuts through 2025. Whether additional cuts materialize could reshape risk appetite across markets.

Crypto is already reacting. Bitcoin has drifted toward the $90,000 level, with the broader digital asset space down roughly 2% as traders recalibrate expectations. The tension between strong jobs numbers and policy easing hints at where macro forces might head next—and how that could influence both traditional and alternative assets.