TechFlow news, according to The Block, Johns Hopkins University economist Steve Hanke said the Federal Reserve's potential 25 basis point rate cut next Wednesday has already been priced in by the market and could trigger a "sell-the-news" event for risk assets.
Steve Hanke stated, "The market has already priced in a 25 basis point rate cut, meaning the actual cut could be disappointing and lead to a 'sell-the-news' reaction. In contrast, a 50 basis point cut hasn't been factored in. If that were to happen, it might drive markets higher."
Add to Favorites
Share to Social Media
