FCP doesn't always get the frame rate right when making a new project,
I created a bunch of projects only to discover after many hours of editing that even though all my footage was 29.9 fps, fcp decided to make some of the project 23.9 fps and on export the resulting footage has moire banding and pixelation. I tried creating a new project, set the correct 29.9 fps and then copy pasted my clips from the project that fcp set to 23.9, but upon exporting the footage it has the same issue.
Interesting note in the info bar on the right, when I click on any footage even in the project that is set to 23.9 fps it says the clip is 29.9 fps....