FED'S INTEREST RATE CUT IN SEPTEMBER: 25 BASIS POINTS OR 50 BASIS POINTS❓
Johns Hopkins University economist Steve Hanke, who suggested that the US Federal Reserve's (Fed) 25 basis point interest rate cut was already expected by the market and that this cut could cause a "sell the news" reaction, stated that a 50 basis point cut could positively affect the market. Hanke said, "The market is already expecting a 25 basis point cut, and this means that the actual cut could be disappointing. However, a 50 basis point cut could stimulate the market" (BlockBeats, 2024).
As a result, the decision the Fed will make could have a significant impact on the direction of the market.
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References:
• BlockBeats, 2024, “The Fed’s September Interest Rate Decision’s Impact on the Market.”