Federal Reserve Chair Janet Yellen laughs during a news conference. The Fed boosted key interest rate for the third time this year on December 13, 2017. Photo: AP

Era of cheap money for Hong Kong and the mainland has to end

US Federal Reserve is expected to raise interest rates three times next year and, as long as they are implemented gradually, they should prove positive

Topic |   Federal Reserve

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Federal Reserve Chair Janet Yellen laughs during a news conference. The Fed boosted key interest rate for the third time this year on December 13, 2017. Photo: AP
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