U.S. Treasury Secretary Yellen recently stated that inflation is expected to drop significantly next year.

The bond market news is even more explosive—since the pandemic in 2020, this year might be the best-performing year. GDP growth is projected to reach 3%, which is quite a high figure.

Expectations of rate cuts are heating up again, and market sentiment is starting to loosen. For the crypto space, a macroeconomic shift often signals a trend reversal. Yellen’s remarks reveal that policymakers are increasingly confident in achieving a soft landing for the economy.

Of course, expectations are just expectations; actual results will depend on the data. But at the very least, the winds are changing now.