The US Federal Reserve has increased the benchmark interest rate again, but the inflation-fighting move is unlikely to mean cheaper American imports or lower-cost petrol. Photo: Shutterstock
The US Federal Reserve has increased the benchmark interest rate again, but the inflation-fighting move is unlikely to mean cheaper American imports or lower-cost petrol. Photo: Shutterstock

US inflation-fighting interest rate increase will mean higher Hong Kong borrowing costs and no cut in fuel prices, experts predict

  • Economists say fuel, imports from US unlikely to be cheaper after Federal Reserve increases benchmark interest rate by 0.75 per cent
  • Car salesman, however, said interest rate rise will probably not affect demand for new vehicles

The US Federal Reserve has increased the benchmark interest rate again, but the inflation-fighting move is unlikely to mean cheaper American imports or lower-cost petrol. Photo: Shutterstock
The US Federal Reserve has increased the benchmark interest rate again, but the inflation-fighting move is unlikely to mean cheaper American imports or lower-cost petrol. Photo: Shutterstock
READ FULL ARTICLE