HSBC Global Research predicts six 25bp US Fed rate cuts by June 2025, benefiting Hong Kong's economy.

HSBC Global Research predicts the US Federal Reserve will implement six consecutive rate cuts of 25 basis points each by June 2025, starting in November. This is expected to lower funding costs and support Hong Kong's economy, which follows the Fed's moves. HSBC's CEO noted that clients are welcoming these cuts, which will also benefit small and medium-sized enterprises. However, challenges remain for the commercial real estate sector.

October 07, 2024
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