Golden Finance reported that Federal Reserve Chairman Powell clearly stated that the time has come to cut interest rates. Hang Seng Bank Senior Advisor Liang Zhaoji said in a radio program today that there is a high chance of a rate cut in September, and it is estimated that it may be cut 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 cut interest rates 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.