US Federal Reserve Chair Janet Yellen at a press conference in Washington, DC following the announcement to raise interest rates 0.25 per cent. Photo: EPA

The Federal Reserve’s rate rise is the start of a return to normality

The low cost of borrowing in recent years has distorted property markets, including Hong Kong’s, so now is the time to adjust ourselves to the new reality

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US Federal Reserve Chair Janet Yellen at a press conference in Washington, DC following the announcement to raise interest rates 0.25 per cent. Photo: EPA
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