QCP Says Markets Have Largely Priced In a 25-Basis-Point Fed Rate Cut This Week

QCP said in a report released on September 14 that markets have largely priced in a 25-basis-point Federal Reserve rate cut this week, with attention shifting to the wording of the decision and signals on the future rate path. According to Odaily, U.S. August CPI rose 0.4% month over month and 3.4% year over year, while core CPI increased 0.3% month over month and slowed to 2.4% year over year from 2.5%. Bitcoin briefly fell to $76,700 after the CPI data was released before recovering to around $77,600, while Ether held near $2,500. Spot Bitcoin ETFs recorded $463 million in net outflows last week, with Friday outflows easing to $13.2 million, while spot Ether ETFs saw $197 million in net inflows last week and $216 million in net inflows on Friday.