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01.09.26 - 06:00
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Rate rise expectations mount in Hong Kong property market following Fed chief′s comments (SCMP)
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With expectations of a quarter-percentage-point increase in the US Federal Reserve's target interest rate increasing following comments by Fed chairman Kevin Warsh last week, the Hong Kong property market is bracing for its potential impact.
Following Warsh's comments at the Jackson Hole economic symposium on Friday, the CME FedWatch tool, which tracks Fed funds futures contracts, indicated that expectations of a rate rise in the United States this month had doubled, with markets pricing in a 60......
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