Bessent Clarifies $2,000 Dividend as Logan's Hawkish Stance Dashes December Rate Cut Hopes

U.S. Treasury Secretary Scott Bessent clarified the $2,000 universal dividend proposal, cooling earlier market optimism with a cautious tone. Meanwhile, Dallas Fed President Lorie Logan, an FOMC voting member, delivered hawkish remarks opposing a December rate cut, citing insufficient inflation progress and shutting the year's final easing window. With fiscal stimulus hopes fading and the rate-cut path blocked, bullish investors are left with few catalysts. Risk assets, including cryptocurrencies, face near-term pressure.