Hong Kong Monetary Authority: The Federal Reserve's decision to maintain interest rates unchanged is in line with market expectations.
According to the Securities Times APP, on June 18th, the Hong Kong Monetary Authority responded to the Federal Reserve's interest rate decision by stating that the decision to keep interest rates unchanged was in line with market expectations. The Federal Reserve announced in the early morning Hong Kong time today that it would maintain the federal funds rate target range at 3.50-3.75%. The statement issued after the meeting indicated that inflation remains at a high level, reflecting the committee's concern about inflation prospects.
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