To summarize, the Fed has cut interest rates by 50 basis points, officially opening the easing cycle. This is the first time in four years that the Fed has actually cut interest rates, but the intensity is really a bit beyond expectations.
Because from 5.25~5.5, it has directly reached 4.75, that is, it has directly reached the beginning of 4. Why is it so radical?
Because the Fed believes that the control of inflation has been completely grasped, and whether we will cut interest rates next will almost depend on employment, and the dot plot shows that it may cut another 50 basis points this year, and at most 100 basis points this year.
And a few years later, it will be reduced by 1.75~2 at most. In other words, the Fed's forward interest rate appreciation target is higher. At the same time, this rate cut also highlights the non-unanimous agreement, that is, the Fed's Bowman voted against it. According to the current economic expectations, this year's GDP growth rate is lowered to 2%, and the PCE inflation expectation has reached 2.3.
In fact, the Fed's 50 basis points is quite exciting, it feels a bit high, but Powell has already argued with the crowd on the scene, saying that you don't have to ask, if you ask, there is no recession, and if you ask, 50 basis points cannot be used as a paradigm for the next rate cut. Don't look for patterns in our rate cuts, that's all decided by our Fed! Hard takeoff.
If we start at 50 basis points, the next changes in our market will be ups and downs. If you need escort, you can like and pay more attention. #美联储宣布降息50个基点 #加密市场反弹 #美国大选如何影响加密产业？ #BTC走势分析 $BTC $ETH