fed emergency rate cut Archives - Coin Engineer https://coinengineer.net/blog/tag/fed-emergency-rate-cut/ Btc, Coins, Pre-Sale, DeFi, NFT Wed, 07 Aug 2024 12:11:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png fed emergency rate cut Archives - Coin Engineer https://coinengineer.net/blog/tag/fed-emergency-rate-cut/ 32 32 QCP Capital: Fed Emergency Rate Cut Would Kill Confidence https://coinengineer.net/blog/qcp-capital-fed-emergency-rate-cut-would-kill-confidence/ https://coinengineer.net/blog/qcp-capital-fed-emergency-rate-cut-would-kill-confidence/#respond Wed, 07 Aug 2024 20:00:14 +0000 https://coinengineer.net/blog/?p=26152 While world financial markets are discussing whether Monday’s major declines are over, an important assessment came from Singaporean analysis and trading company QCP. In its analysis today, the company stated that the interest rate policies of the Fed and the Bank of Japan should be clearly seen in order to understand whether the crisis is

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]]> While world financial markets are discussing whether Monday’s major declines are over, an important assessment came from Singaporean analysis and trading company QCP. In its analysis today, the company stated that the interest rate policies of the Fed and the Bank of Japan should be clearly seen in order to understand whether the crisis is over. QCP also claimed that an urgent Fed reduction would end all confidence in the institution.

QCP Capital, which provides investment consultancy services on cryptocurrencies, evaluated the recent financial crisis. The company stated that the US government stepped in on the declines in one day and ended the panic atmosphere by providing liquidity to the markets.

Might interest you: Fed Under Pressure to Cut Rates Aggressively

In QCP’s daily analysis, it was emphasized that Bitcoin rose above $56,000, Ether above $2,500, and the Japanese stock market closed the day with a 9% increase after a 12% decline. The analysis included the following statements:

“The US came to the rescue overnight and ended the panic atmosphere in the markets with the liquidity it provided. We also saw this in Coinbase spot order books. Bitcoin rose above $56,000, Ether above $2,500. Japanese stock markets, which fell by 12% yesterday, closed the day with a 9% increase. So, has normalization returned? It is too early to say… The fear index, which peaked at 65 yesterday, is currently still above 30, and asset prices seem to remain volatile. We cannot know if normalization has begun until we clearly see the path the Fed and the Bank of Japan are on.”

QCP Capital also stated in the analysis that they do not expect the Fed to make an immediate interest rate cut, and that if the institution takes such a step, this could reduce confidence in the Fed and increase panic.

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