HKMA cautions market on interest-rate risks as Fed signals policy easing ‘as soon as’ September

Quick Summary:

Traders have fully priced in a rate cut of 25 basis points or more when the Federal Reserve next meets on September 18, according to odds compiled by CME Group.

JPMorgan Asset Management expects the Fed to cut its target rate in September and December, followed by four 25-basis-point reductions in 2025, its global market strategist Raisah Rasid said in a report.

Hours earlier, the Fed maintained its target rate in the range of 5.25 per cent to 5.5 per cent after concluding its fourth rate-setting committee meeting this year.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChina

Topics: Banks Kong July Market Bank Hong September Rates Rate Meeting Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 07:00:39 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 907 words

Reading Time: 6 minutes read

Sentences: 28 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21928018

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