According to Odaily, QCP Capital's latest analysis highlights the anticipation surrounding the Federal Open Market Committee (FOMC) meeting scheduled for today (September 19, UTC+8). Based on federal funds futures pricing, market participants estimate a 33% probability of a 25 basis point rate cut and a 66% probability of a 50 basis point rate cut. Among 114 economists surveyed by Bloomberg, 104 predict a 25 basis point cut, while only 9 foresee a 50 basis point cut. This divergence extends to long-term forecasts through 2026.
The report underscores multiple uncertainties surrounding the FOMC meeting outcomes, including the specific rate decision, the latest Summary of Economic Projections (SEP) dot plot, and Federal Reserve Chair Jerome Powell's press conference. Analysts anticipate significant financial market volatility in the days following the meeting, potentially signaling the start of a new macroeconomic trend. As a potential rate cut cycle begins, QCP advises investors to focus on hard assets, particularly Bitcoin. Despite potential short-term corrections and high volatility, analysts remain optimistic about Bitcoin's long-term price trajectory.
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