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The Federal Reserve maintains the federal funds target range at 3.5% to 3.75%.
The U.S. Federal Reserve (the Fed) Federal Open Market Committee announced today (the 19th) that it will keep the target range for the federal funds rate at 3.5-3.75. The Hong Kong Monetary Authority (HKMA) said that the Fed’s decision to keep interest rates unchanged is consistent with market expectations, and that Hong Kong’s monetary and financial markets continue to operate in an orderly manner. The HKMA will continue to closely monitor market changes to maintain monetary and financial stability.