#Gate.io X Inter: Gateway to Championships #Gate.io X Inter: Gateway to Championships

encryptionHedging fund Asymmetric founder and CEO Joe McCann said that the substantial interest rate cut by the Federal Reserve will benefit risk assets and the cryptocurrency market, rather than the Unfavourable Information that some people think. The Federal Reserve is expected to cut interest rates for the first time since March 2020 at 2 a.m. Beijing time on September 19th, with the current interest rate at its highest level in 24 years at 5.5%.
McCann believes that the probability of a 25 or 50 basis point rate cut is equally divided. The CME Fed Watch tool shows a 65% probability of a 50 basis point rate cut and a 35% probability of a 25 basis point rate cut.
McCann pointed out that if the Fed only cuts interest rates by 25 basis points, the stock market may be severely hit, and the cryptocurrency market may fall accordingly. However, a 50 basis point interest rate cut may be favorable for risk assets such as cryptocurrencies.