"Father of the Linked Exchange Rate" John Greenwood: US Expected to Raise Rates Mildly, Hong Kong Home Prices to See Only Slight Adjustment

John Greenwood, who took part in formulating the linked exchange rate system, expects that although US inflation remains high, it is manageable compared with 2022, and the Federal Reserve's rate hikes will be relatively mild. He believes upward pressure on local interest rates is also lower than in 2022, and home prices will only adjust slightly because of rate hikes.