Prof. Zhiwu Chen, Chair Professor of Finance at HKU Business School, acknowledges this long-standing shift, stating, "This has been going on for at least about 8-10 years," referring to an industrial policy factoring in "war preparation."
When will rate-hiking cycle end? The US Federal Reserve has just announced that it will keep the current interest rate unchanged, which has been at a 23-year high for the sixth straight meeting. An interest rate cut is expected to occur later than originally anticipated. What determines whether interest rates are raised or lowered? The goal of the Fed’s monetary policy is commonly known as the dual mandate - pursuing maximum employment while maintaining price stability. This is mainly achieved through controlling inflation.