Odaily星球日报讯 香港金融管理局副总裁李达志 19 日发表评论称，美联储这次加息周期从 2022 年 3 月开始，至 2023 年 7 月，期间累积加息 525 个基点。经过一段时间的反复，目前美国通胀已大体确认回落，而近期劳动市场亦出现放缓迹象，因此，美联储决定降息 50 基点，大致符合市场预期。（金十）

香港金管局：美国进入降息周期，不会影响香港金融及货币稳定

Odaily Odaily News: Hong Kong Monetary Authority Vice President David Lee commented on the 19th that the Fed&#39;s interest rate hike cycle will start from March 2022 to July 2023, with a cumulative interest rate hike of 525 basis points. After a period of repeated fluctuations, US inflation has generally been confirmed to have fallen, and the labor market has also shown signs of slowing down recently. Therefore, the Fed&#39;s decision to cut interest rates by 50 basis points is roughly in line with market expectations. (Jinshi)

Hong Kong Monetary Authority: The US has entered a cycle of interest rate cuts, which will not affect Hong Kong's financial and monetary stability

The 50 basis point rate cut brought a short-term boost to the market, but market expectations for the future economic outlook of the United States are deeply divided, with some investors optimistic about a soft landing of the economy, while others remain wary of inflation and geopolitical risks.

The Fed's U-turn has begun, and market volatility has increased

Odaily Planet Daily Report: According to the analysis of Deutsche Bank, after the European Central Bank lowered the deposit rate by 25 basis points last week, other central banks will announce their policy decisions this week. Most decisions are likely to keep interest rates unchanged - except for the most important one. If the Federal Reserve does not start a rate cut cycle on Wednesday, that would be a big surprise. Volkmar Baur, an analyst at the bank, pointed out: "At the beginning of this week, the market expects the possibility of the Federal Reserve's first major rate cut to be slightly higher than 50%. Our economists still expect a 25 basis point rate cut, which is well-justified." "However, a small first step does not rule out bigger moves later. That's why the current risk bias is towards a weakening of the US dollar."

Commerzbank: The Fed’s “small step” cannot rule out subsequent “big moves”

According to Odaily, the German Dai Bank analysis indicates that after the European Central Bank lowered the deposit rate by 25 basis points last week, other central banks will announce their policy decisions this week. Most decisions are likely to keep interest rates unchanged - except for the most important one. If the Federal Reserve does not start a rate cut cycle on Wednesday, that would be a big surprise. Volkmar Baur, an analyst at the bank, pointed out: "At the beginning of this week, the market expects the possibility of the Federal Reserve's first major rate cut to be slightly higher than 50%. Our economists still expect a 25 basis point rate cut, which is well-founded." "However, a small first step does not rule out bigger moves later. That's why the current risk bias is towards a weakening of the dollar."