Chief Executive Carrie Lam; Tung Chee-hwa, vice-chairman of the Chinese People’s Political C
上海乌托邦女神会所onsultative Conference National Committee; Wang Zhimin, director of the Liaison Office of
the Central People’s Government in the HKSAR; Xie Feng, commissioner of the Ministry of Foreign Affairs of the P
e上海乌托邦ople’s Republic of China in the HKSAR; and Cai Yongzhong, political commissar of the PLA Hong Kong Garrison.
Earlier this week, a spokesman for the Hong Kong and Macao Affairs Office of the State Council, the nation’s t
上海乌托邦女神会所op Hong Kong affairs authority, stressed Hong Kong’s priority is to punish those engaged in violent acts. He appealed to
people from all walks of life in Hong Kong to reject violence and stand firm in defense of the rule of law.
US Federal Reserve on Wednesday lowered interest rates for the first time since the 2008 global financial crisis,上海乌托邦女神会所
amid rising concerns over trade tensions, a slowing global economy and muted inflation pressures.
The Federal Open Market Committee (FOMC), the Fed’s rate-setting body,
上海乌托邦trimmed the target for the federal funds rate by 25 basis points to a range of 2 perc
ent to 2.25 percent after concluding its two-day policy meeting, in line with market expectation.
“Through the course of the year, weak global growth, trade policy uncertai
nty, and muted inflation have prompted the FOMC to adjust its assessment of the app上海乌托邦女神会所
ropriate path of interest rates,” Fed Chairman Jerome Powell said at a press conference Wednesday afternoon.
Despite strong job growth and solid consumer spending, the cen
上海乌托邦女神会所tral bank chief pointed out that manufacturing output has declined for two consecutive qua
rters, business fixed investment fell in the second quarter, and domestic inflation shortfall has continued.
“The Committee moved from expecting rate increases this year, to a上海乌托邦
patient stance about any changes, and then to today’s action,” Powell said.
“It’s primarily about risk management and a recalibration in response to rising ri
上海乌托邦女神会所sks associated with global growth and trade tensions,” Tim Duy, professor at the Uni
versity of Oregon and a Fed expert, wrote in a Bloomberg opinion piece earlier this week.