Data: The Fed cut interest rates by 50bp for the fourth time in history, which partially exceeded market expectations
ChainCatcher news, regarding the Federal Reserve's 50bp rate cut, China International Capital Corporation (CICC) issued a commentary stating that a 50bp rate cut is an unconventional start, exceeding market expectations. This 50bp rate cut is in line with the expectations of CME interest rate futures, but it exceeds the forecasts of many Wall Street investment banks, and it is also an "unconventional" start. Historically, a 50bp rate cut at the outset 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 pandemic in March 2020.
