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BTC $76,686.19 -2.18%
ETH $2,441.44 -1.38%
BNB $710.59 -2.03%
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SOL $99.22 -2.69%
TRX $0.3404 +0.24%
DOGE $0.0834 -3.08%
ADA $0.2061 -3.28%
BCH $225.99 -10.39%
LINK $11.48 -3.12%
HYPE $78.63 -6.60%
AAVE $121.64 -3.02%
SUI $0.7331 -4.84%
XLM $0.1755 -2.77%
ZEC $1,068.28 -14.27%

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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