DeFi
Impact of Federal Reserve Interest Rate Cut on Crypto Markets
Wednesday. September 18 at 11:00 AM
1 min. readAccording to Joe McCann, the founder and CEO of Asymmetric, a large interest rate cut by the Federal Reserve would benefit risk assets and crypto markets. McCann mentioned that a 25 or 50 basis point cut is likely as the US central bank plans to reduce rates from 5.5%. The CME Fed Watch tool indicates a 65% chance of a 50 basis point cut. McCann believes that a 50 basis point cut would be positive for crypto markets, contrary to the belief that it would be bearish. Saad Ahmed from Gemini exchange stated that the rate cut could influence market breakout. McCann argued that the current economy is stable, and a larger rate cut could stimulate growth until 2025. The uncertainty surrounding the Fed's decision has led to varied market opinions and speculations.