Traders seen on the floor of the New York Stock Exchange in September 2022. Photo: AFP
Traders seen on the floor of the New York Stock Exchange in September 2022. Photo: AFP

Hong Kong stocks rise to 3-month high following US market rally as Fed signals slower policy tightening pace

  • Prospect of a sustained rally seen after the Fed chairman indicated the pace of rate increases could slow
  • The comments suggest the benchmark rate could rise by 50 basis points at this month’s policy meeting, ending a run of four jumbo hikes

Traders seen on the floor of the New York Stock Exchange in September 2022. Photo: AFP
Traders seen on the floor of the New York Stock Exchange in September 2022. Photo: AFP
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