[Hang Seng Bank experts predict that the Fed will cut interest rates twice this year, which is good news for Hong Kong] According to Jinshi Data on August 24, Federal Reserve Chairman Powell clearly stated that the time for a rate cut has come. Hang Seng Bank Senior Advisor Liang Zhaoji said on a radio program on the 24th that there is a high chance of a rate cut in September, and it is estimated that it may be reduced by 1/4 percentage point (25bp). He expects the Federal Reserve to cut interest rates twice this year, 1/4 percentage point each time, which means that it may be reduced by half a percentage point (50bp) by the end of the year, which is believed to be good news for Hong Kong. Liang Zhaoji pointed out that the interest rate cut will reduce the credit costs of various industries relatively, and at the same time it can boost the market atmosphere and hope to increase business traffic. (Hong Kong Commercial Daily) (Reprinted from: Jinshi Data)