Data: Fed Begins Rate Cuts with 50bp, Fourth Time in History, Partially Exceeding Market Expectations
Article is form Jinse
September 19, 2024
This article is translated by ChatGPT Show original
Gold Finance reported that in response to the Fed's 50bp rate cut, CICC issued a commentary stating that the 50bp rate cut is an unconventional start, exceeding market expectations to some extent.
This 50bp rate cut is in line with CME interest rate futures expectations, but it exceeds the forecasts of many Wall Street investment banks and is also an "unconventional" start.
Historically, a 50bp rate cut at the start has only occurred in times of economic or market emergency, such as the tech bubble in January 2001, the financial crisis in September 2007, and the COVID-19 pandemic in March 2020.
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