Arthur Hayes anticipates a market crash after the Fed interest rate cut
The post Arthur Hayes anticipates a market crash after the Fed interest rate cut appeared on BitcoinEthereumNews.com.
Arthur Hayes, the BitMEX co-founder and Maelstrom’s Chief Information Officer expressed his thoughts about the upcoming Fed interest rate cuts on September 18. He believes the rate cut will cause a major market slump, leading to a bull run afterward. Hayes, who spoke during the TOKEN2049 event in Singapore, explained his thoughts during his keynote speech. The speech, Thoughts on Macroeconomics Current Events, offered an in-depth look into the Fed’s decision and how it could potentially affect crypto markets. The Fed announced its plans to initiate interest rate cuts after reviewing the latest Employment Report from the Labor Department on September 6. The rate cut is expected during the Federal Open Market Committee meeting scheduled for September 17 and 18. The cut will also be the first the Fed has initiated since the COVID-19 pandemic, marking the imminent decision as the first in four years. Several economists speculated about the rate cut. Many believed the Fed would opt for a 25-basis-point rate cut over a 50-basis-point or 75-basis-point rate cuts. Several economists also speculated that the expected 25 basis point Fed rate cuts would initiate a drop in Bitcoin prices, among other high-risk assets. Steve Hanke, a Johns Hopkins University economist, explained that a 25 basis point rate cut would trigger ‘sell the news’ event for high-risk assets. Hayes questions the Fed rate cut decision Arthur Hayes: a Fed rate cut could crash the market Is it really likely to happen anytime soon? About this & Which tokens to look out for 🧵⬇️Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, shared his views on the macroeconomic outlook and its impact on crypto markets… pic.twitter.com/7xrxZ5mzz4 — Depression (@0xDepressionn) September 18, 2024 Hayes has openly questioned the Fed’s decision to cut interest rates. The BitMEX co-founder pointed out the massive rate…
Filed under: News - @ September 18, 2024 4:25 pm