Fed Officials Signal December Rate Cut Uncertainty as Yellen Warns of Sectoral Recession

U.S. Treasury Secretary Janet Yellen warned on Nov. 3 that certain economic sectors have entered recession and additional industries could be affected without faster Federal Reserve rate cuts, BlockBeats reports. Three Fed officials subsequently emphasized that a December rate cut is "far from certain," intensifying market uncertainty over policy direction. Bitunix analysts noted BTC faces near-term support at $107,300–$108,000, with a break potentially triggering liquidations at $104,900; upside resistance sits at $113,800–$116,800, where major liquidity is concentrated with a correlation value of 0.9. While the Fed's balance sheet reduction cycle nears completion, analysts caution against elevated valuations and risks in debt-dependent firms as policymakers reiterate rate decisions will remain data-dependent.