The Zhitong Finance App learned that in the early morning of September 17, the Federal Reserve announced that it would raise the federal funds rate target range by 25 basis points and raise the benchmark interest rate to 3.75%-4.00%. This is the first time that the Federal Reserve has raised interest rates since July 2023. On the same day, the Hong Kong Monetary Authority raised the benchmark interest rate by 25 basis points to 4.25%.

The Zhitong Finance App learned that in the early morning of September 17, the Federal Reserve announced that it would raise the federal funds rate target range by 25 basis points and raise the benchmark interest rate to 3.75%-4.00%. This is the first time that the Federal Reserve has raised interest rates since July 2023. On the same day, the Hong Kong Monetary Authority raised the benchmark interest rate by 25 basis points to 4.25%.