Altcoins move higher as market expects another 50 basis point rate cut in November

The Federal Reserve has already cut interest rates in the U.S. by 50 basis points in its September FOMC meeting. With the ink hardly dry on the announcement, the market is forecasting the same again in the Fed’s November meeting. Risk assets are likely to be big beneficiaries of such a move, and altcoins are putting on gains in anticipation.