Fed's 25bp Rate Hike Already Priced In...QCP Focuses on Policy Guidance

QCP Capital analyzed that the Federal Reserve's 25 basis point interest rate hike has already been reflected in the market. The firm anticipates the cryptocurrency market will focus more on the Fed's policy guidance rather than the rate decision itself. The U.S. Federal Reserve is scheduled to hold its September 15-16 Federal Open Market Committee (FOMC) meeting. QCP Capital noted that the monetary policy direction outlined by the central bank after this meeting could become the next major market focus.