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Huatai Securities: The necessity of a Fed rate hike in October has decreased, and a further rate hike in December is expected as the baseline scenario.

President Donald Trump demanded an interest-rate cut after the Federal Reserve raised rates by a quarter percentage point, defying his repeated calls for lower borrowing costs.

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The Hong Kong Monetary Authority followed the US Federal Reserve in raising interest rates for the first time since 2023, a decision that could threaten a property recovery unfolding since last year.