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BTC $63,513.00 +0.83%
ETH $1,903.77 +1.35%
BNB $605.41 +0.09%
XRP $1.00 +0.42%
SOL $75.77 +0.53%
TRX $0.3325 +0.43%
DOGE $0.0702 +0.77%
ADA $0.1766 -0.07%
BCH $205.33 +0.95%
LINK $9.47 +1.44%
HYPE $59.31 +3.89%
AAVE $86.22 +0.42%
SUI $0.6782 +0.44%
XLM $0.1583 +0.95%
ZEC $512.86 +5.42%

Analysis: The Federal Reserve's 25 basis point rate cut in September may have been priced in by the market, while a 50 basis point cut could become a market driver

2024-09-13 19:48:20

ChainCatcher news, according to The Block, economist Steve Hanke from Johns Hopkins University stated that the market has priced in a potential 25 basis point rate cut by the Federal Reserve next Wednesday, which could lead to a "sell-the-news" event for risk assets.

Steve Hanke said, "The market has anticipated a 25 basis point rate cut, which means the actual cut could be disappointing, leading to a 'sell-the-news' reaction. In contrast, a 50 basis point cut has not been factored in. If it does happen, it could drive the market up."

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