Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, said in a radio program today that the US Federal Reserve is not expected to cut interest rates until after the middle of next year, and the actual pace will depend on a number of data. He believes that some market participants are overly optimistic about the prediction that interest rates will be cut in February and March next year. Yue Wai-man said that the U.S. interest rate hike curbs the environmental economy, and the market expects that the global economy will decline in the high-interest rate environment next year, and Hong Kong is an open economy, which will also be affected. However, he is cautiously optimistic about the Hong Kong economy due to the resilience of the US economy, the fact that inflation is falling faster than expected, and Yue believes that the economy has the fundamentals of a "soft landing", while the mainland's industrial production, retail sales and consumption data have improved, and the easing policy has gradually taken effect, bringing positive news to the Hong Kong economy.