In response to the decision of the Federal Reserve of the United States to suspend interest rate hikes, the Hong Kong Monetary Authority stated on the 21st that there is still uncertainty in the trend of the Federal Reserve's interest rate, and a high interest rate environment may be maintained for a period of time. The Hong Kong Monetary Authority stated that the Federal Reserve's future interest rate decision will depend on economic data, outlook, and various risks. The "dot matrix" released after this meeting shows that interest rates may be reduced three times this year, totaling 0.75%. However, there is still uncertainty about the timing and future trend of interest rates, and a high interest rate environment may be maintained for a period of time. The Hong Kong Monetary Authority stated that the financial and currency markets in Hong Kong continue to operate smoothly, the Hong Kong dollar exchange rate remains stable, and the Hong Kong dollar offered interest rate may remain at a relatively high level in the future. Citizens should carefully consider and manage interest rate risks when making home purchase, mortgage or other lending decisions. Chen Weiquan, Deputy General Manager of Bank of China Hong Kong Private Bank, stated that there has not been much change in the results of this interest rate negotiation, and it still shows that the Federal Reserve's interest rates have peaked. In addition to slightly raising inflation forecasts, the Federal Reserve will also be more cautious in examining the direction of economic data. On the other hand, the Federal Reserve is beginning to discuss slowing down the pace of quantitative tightening, indicating that it is paying attention to changes in market liquidity. Overall, the direction of this interest rate discussion has a positive impact on the asset market. Some analysts also believe that the Federal Reserve will start cutting interest rates as early as June this year, and major central banks will follow suit, with funds flowing to Asia and emerging markets. On the Hong Kong side, the real estate and stock markets are expected to rebound, and corporate financing costs are also expected to decrease accordingly. (Lai Xin She)