According to BlockBeats, on September 13, The Block reported that 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, “The market has already expected a 25 basis point rate cut, which means that the actual rate cut may disappoint, resulting in a ‘sell the news’ reaction in the market. In contrast, a 50 basis point rate cut is not considered. If it does happen, it may drive the market higher.”
