TechFlow, on September 19, according to CICC's commentary on the Federal Reserve's 50bp rate cut, the 50bp cut is an unconventional start and partially exceeds market expectations.
The 50bp cut aligns with CME interest rate futures expectations, yet surpasses forecasts from many Wall Street investment banks, marking an "unconventional" beginning.
Historically, rate cuts starting at 50bp have only occurred during economic or market emergencies, such as the tech bubble in January 2001, the financial crisis in September 2007, and the pandemic in March 2020.
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