The Federal Reserve cut interest rates by 25 basis points on September 18, marking its first reduction in nine months. This decision by the Federal Open Market Committee (FOMC) was heavily anticipated by traders. Markets had been pricing around 30 basis points of easing.
Following the rate cut, Bitcoin extended its gains, climbing above $117,000. This reaction highlights the sensitivity of cryptocurrency markets to macroeconomic policy shifts. Traders often adjust their positions in anticipation of or response to such significant monetary policy changes.
The Fed's decision to lower borrowing costs can influence trading activity across CME Group's interest rate and cryptocurrency derivatives markets. Lower rates can stimulate economic activity and potentially increase demand for hedging instruments. This macroeconomic event is expected to impact trading volumes on CME's platforms.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.