Hong Kong Monetary Authority: The Federal Reserve's decision to maintain interest rates is in line with expectations, but there are many variables affecting the Hong Kong dollar market and interest rates in the future.
According to the Zhtng financial APP, on June 19, the Hong Kong Monetary Authority announced that after a two-day meeting, the Federal Open Market Committee of the Federal Reserve maintained the target range for the federal funds rate at 4.25-4.5% this morning in Hong Kong time. The Hong Kong Monetary Authority stated that the Fed's decision to keep the interest rate unchanged was in line with market expectations. The dot plot released after this meeting shows that the Fed may cut interest rates by a total of 50 basis points within this year. However, the market generally believes that there is still significant uncertainty about the pace of future rate cuts by the Fed, depending on the trends of US inflation and employment data, as well as the impact of tariff measures and other economic policies on economic activity.
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