According to ChainCatcher, Hong Kong Monetary Authority Deputy Chief Executive David Lee commented on the 19th that the Fed's interest rate hike cycle will start in March 2022 and end in July 2023, with a cumulative increase of 525 basis points. After a period of repeated changes, US inflation has generally been confirmed to have fallen, and the labor market has also shown signs of slowing down recently. Therefore, the Fed's decision to cut interest rates by 50 basis points is roughly in line with market expectations. (Jinshi)