$Hang Seng Index (800000.HK)$ Federal Open Market Operations Committee (FOMC) statement and FED Chairman Bauer's conversation five key points:
1. FOMC Resolution raises rates by 1 yard (0.25 percentage points), the FOMC statement and Bower's press conference all mention that there is progress against inflation, but plans to continue to tighten.
2. FOMC statement to retain the promise of “ongoing increase” (ongoing increase), like to confirm the forecast of the December “dot chart” for each further rate increase by 1 yards. Bower said he had to raise interest rates “about twice” to achieve a reasonable restrictive policy.
3. Bower said for the first time that FOMC can identify that inflation has begun to be in a process of moderation. The supply chain will help the commodities department, and the new lease means that the housing market is finally getting better. The biggest focus remains on service sectors except the housing market. The labour market is still tight and may affect prices.
4. Bower was unexpectedly unconscious of the recent financial conditions turned loose, emphasizing that he valued more on the long-term trend. For the market reflected Fed's rate hike path, he did not disagree, only that this mainly reflects the market that inflation will decline more quickly. He also expressed optimism about the economic soft landing and the good labor market.
5. Bower mentioned that “inflation has begun to be in a moderating process”. The S&P 500 index rose in a sound, closing up 1.1%, the US debt rose, and the dollar went...