Hong Kong Market climbs as Fed maintains 2024 policy easing path

The US Federal Reserve left the target rate unchanged at 5.25% to 5.5% in second policy meeting of the year and projected three interest rates cuts this year saying inflation pressures had eased substantially. in the United States. Fed's statement was viewed as slightly dovish as markets had braced for the possibility that policymakers could trim the number of projected rate cuts this year.
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