Why Fed’s rate cut won’t fix what ails Hong Kong or Singapore

Quick Summary:

Despite their many differences, Hong Kong and Singapore’s property markets both show that a monetary easing cycle is not a panacea.

The Fed’s bold move had a direct and immediate impact on Asian markets.

As far as pivotal weeks in global markets go, last week was one of the most consequential since the eruption of the pandemic.

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Article Details

Author / Journalist: Nicholas Spiro

Category: Business

Markets: Hong KongSingapore

Topics: Markets Monetary Percentage Bank Kong Point Interest Hong Global Central Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 09:30:08 (5 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 320 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22681112

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About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 5 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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