The post Bitcoin Bounces as Jerome Powell Could Push for Another Fed Rate Cut: Barclays Research appeared on BitcoinEthereumNews.com. Bitcoin could see a much-needed rebound as Barclays Research says Fed Chair Jerome Powell may still lean towards another 25 bps cut while other Fed officials remain divided. Meanwhile, Treasury Secretary Scott Bessent claims there is no recession risk for the US economy or rise in inflation. Jerome Powell May Push for Another Fed Rate Cut Barclays Research sees the FOMC decision as remaining a close call in December, but Chair Jerome Powell could push for the committee towards another Fed rate cut. Considering the recent Fed officials’ remarks, Governors Stephen Miran, Michelle Bowman and Christopher Waller are inclined to support a cut in December. In contrast, St. Louis Fed President Alberto Musalem and Kansas City President Jeffrey Schmid leaned toward maintaining monetary policy steady. Speeches from Vice Chair for Supervision Michael Barr, Vice Chair Philip Jefferson, Chicago Fed President Austan Goolsbee and Boston President Susan Collins suggest they remain undecided but slightly leaning toward holding rates at 3.75-4%. Meanwhile, Governors Lisa Cook and John Williams await economic data but are more open to another Fed rate cut. CME FedWatch tool shows more than 67% odds of a 25 bps rate cut by the US Federal Reserve in December. It reversed from 33% to 70% in response to recent developments, including Fed Williams’ rate cut hint, which rebounded Bitcoin and the broader crypto market. The Wall Street Journal’s Nick Timiraos says Fed rate cut won’t happen “unless Powell forces it.” Moreover, BLS will not release October CPI and the November CPI is scheduled for release on December 18, a week after the Fed interest rate decision. Meanwhile, Treasury Secretary Scott Bessent denied inflation and recession concerns. “If you look at the data, that imported goods, the inflation has actually been flat. Inflation is up because of the service economy and… The post Bitcoin Bounces as Jerome Powell Could Push for Another Fed Rate Cut: Barclays Research appeared on BitcoinEthereumNews.com. Bitcoin could see a much-needed rebound as Barclays Research says Fed Chair Jerome Powell may still lean towards another 25 bps cut while other Fed officials remain divided. Meanwhile, Treasury Secretary Scott Bessent claims there is no recession risk for the US economy or rise in inflation. Jerome Powell May Push for Another Fed Rate Cut Barclays Research sees the FOMC decision as remaining a close call in December, but Chair Jerome Powell could push for the committee towards another Fed rate cut. Considering the recent Fed officials’ remarks, Governors Stephen Miran, Michelle Bowman and Christopher Waller are inclined to support a cut in December. In contrast, St. Louis Fed President Alberto Musalem and Kansas City President Jeffrey Schmid leaned toward maintaining monetary policy steady. Speeches from Vice Chair for Supervision Michael Barr, Vice Chair Philip Jefferson, Chicago Fed President Austan Goolsbee and Boston President Susan Collins suggest they remain undecided but slightly leaning toward holding rates at 3.75-4%. Meanwhile, Governors Lisa Cook and John Williams await economic data but are more open to another Fed rate cut. CME FedWatch tool shows more than 67% odds of a 25 bps rate cut by the US Federal Reserve in December. It reversed from 33% to 70% in response to recent developments, including Fed Williams’ rate cut hint, which rebounded Bitcoin and the broader crypto market. The Wall Street Journal’s Nick Timiraos says Fed rate cut won’t happen “unless Powell forces it.” Moreover, BLS will not release October CPI and the November CPI is scheduled for release on December 18, a week after the Fed interest rate decision. Meanwhile, Treasury Secretary Scott Bessent denied inflation and recession concerns. “If you look at the data, that imported goods, the inflation has actually been flat. Inflation is up because of the service economy and…