Hong Kong Bankers Association: Expectations for US interest rate cut cool down, need to pay attention to changes in trade negotiations.

According to the Wise Financial News APP, Annie Hui, Chairperson of the Hong Kong Association of Banks, stated after a meeting that the global market is focused on the Federal Reserve's interest rate meeting in December. After two rate cuts this year, the market originally expected the possibility of a further 25 basis point cut in the US. However, the Federal Reserve did not clearly indicate whether they would cut rates further after their meeting last month. At the same time, interest rate futures data show that expectations for rate cuts are gradually cooling, increasing uncertainty about the pace of rate cuts. This has led to divergent views on the Federal Reserve's rate cuts in the market. Looking ahead for the remainder of the year, the global market environment remains full of uncertainties, and it is important to continue monitoring the fluctuating trade negotiations and geopolitical situations.