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HSBC Private Banking Cheuk Wan Fan Expects Fed to Start Rate Cut Cycle in Sep

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Despite the gradual slowdown in US economic growth, HSBC did not foresee an immediate recession risk in the US, Cheuk Wan Fan, Chief Investment Officer Asia of HSBC Global Private Banking and Wealth, said. Benefiting from receding cost pressures, lower financing costs and rising productivity driven by technological disruption, many…

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