According to Odaily Planet Daily, Johns Hopkins University economist Steve Hanke said that the Federal Reserve's possible 25 basis point interest rate cut next Wednesday has been digested by the market and may lead to a "sell-the-news" event for risky assets.
Steve Hanke said that the market has already expected a 25 basis point rate cut, which means that the actual rate cut may disappoint, leading to a "sell-the-news" reaction in the market. In contrast, a 50 basis point rate cut has not been taken into account. If it does happen, it may drive the market higher.
