CICC: The Fed's initial 50bp rate cut is the fourth time in history, which partially exceeds market expectations

BlockBeats reported that on September 19, in response to the Fed's 50bp rate cut, CICC issued a comment saying that the 50bp rate cut was an unconventional start and partially exceeded market expectations. The 50bp rate cut was in line with the expectations of CME interest rate futures, but it exceeded the forecasts of many Wall Street investment banks and was also an "unconventional" start.

Historically, the 50bp rate cut only occurred in economic or market emergencies, such as the technology bubble in January 2001, the financial crisis in September 2007, and the epidemic in March 2020.