Insights
Greater China Blog
Welcome to the Cushman & Wakefield Greater China Blog. Here you will find timely commentary, analysis, and opinion from our team.
The commercial real estate market in Greater China is undergoing significant transformation. What are the current hot topics, trends to watch, and biggest emerging opportunities for owners, occupiers, and investors? Stay tuned as our market experts from across the region delve into these questions, providing valuable insights and strategic advice.
Insights
The U.S. Fed’s Rate Cut Signals the Beginning of a Cycle of Interest Rate Reductions
The U.S. Federal Reserve announced a 50 basis point cut on September 18, 2024, marking its first reduction since March 2020. In response, the Hong Kong Monetary Authority (HKMA) lowered its base rate by 50 basis points to 5.25%, aligning with the Fed’s aggressive move earlier that day. This represents the first rate reduction in four years and is part of a broader strategy to stimulate the local economy.
Devin Hung • 15/10/2024