Data: The Federal Reserve has started to cut interest rates by 50bp for the fourth time in history, partially exceeding market expectations

ChainCatcher message, regarding the Federal Reserve's 50bp rate cut, China International Capital Corporation (CICC) released a commentary stating that the 50bp cut is an unconventional start, partially exceeding market expectations.

This 50bp rate cut aligns with CME interest rate futures expectations, but exceeds many Wall Street investment bank forecasts, and is also considered an "unconventional" start.

Historically, a 50bp rate cut at the outset has only occurred during urgent economic or market situations, such as the tech bubble in January 2001, the financial crisis in September 2007, and the pandemic in March 2020.