US Fed fund rates

Fed rate cut will support US dollar, Singtel's credit outlook trimmed

SINGAPORE (Aug 5): The US Federal Reserve has cut interest rates for the first time since December 2008, following intense pressure from US President Donald Trump to stimulate the economy. Interest rates are down 25 basis points to 2% to 2.25%, a decision made at the Federal Open Market Committee (FOMC) meeting on July 31.

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Adobe is another example that the future favours the subscription model

(July 19): US stocks continue to outperform the rest of the world this year. The Dow Jones Industrial Average, Standard & Poor’s 500 and Nasdaq Composite all hit fresh record highs this month. The three benchmark indices are currently up between 16.7% and 23.4% for the year-to-date.

Dovish Fed hints at rate cuts ahead; Astrea V PE bonds not as popular as predecessor

SINGAPORE (June 24): As expected, the US Federal Reserve kept interest rates unchanged at between 2.25% and 2.5%, following the conclusion of the Federal Open Market Committee (FOMC) meeting on June 18 and 19. This came amid growing economic uncertainty and risks despite a largely robust US economy so far this year.

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Fed scraps patient approach and opens door to potential rate cut

(June 20): The Federal Reserve signalled it was ready to lower interest rates for the first time since 2008, citing “uncertainties” that have increased the case for a cut as officials seek to prolong the near-record US economic expansion.

While Chairman Jerome Powell and fellow central bankers left their key rate in a range of 2.25% to 2.5% on Wednesday, they dropped a reference in their statement to being “patient” on borrowing costs and forecast a larger miss of their 2% inflation target this year.

Risks growing but Fed is watchful: Bank of Singapore

(June 6): President Trump’s abrupt decisions to impose tariffs on goods from Mexico (initially set at 5% on June 10 and gradually raised to 25% unless Mexico takes more forceful action to contain illegal immigration) and also to end India’s preferential trade status represent further broadening of the US administration’s tensions with its trading partners.

Banks kept at 'overweight' by UOB on Fed's dovish stance, dividend yield

SINGAPORE (Jan 18): UOB Kay Hian is maintaining Singapore’s banking sector at “overweight” after the US Fed calmed the nerves of investors with its dovish disposition, which subsequently generated a relief rally.

“We maintain ‘buy’ for both DBS and OCBC, although we prefer OCBC,” says analyst Jonathan Koh in a Friday report. The research house has target prices of $28.50 and $13.82 respectively.

Fed lifts rates to 1.75% on improving economy; two more increases expected this year

(Mar 22): Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook. Policy makers continued to project a total of three increases this year.

“The economic outlook has strengthened in recent months,” the policy-setting Federal Open Market Committee said in a statement Wednesday in Washington. Officials repeated previous language that they anticipate “further gradual adjustments in the stance of monetary policy.”

US dollar struggles on policy uncertainty, political woes

TOKYO (July 31): The US dollar struggled on Monday, wallowing near a 2-1/2-year low against the euro, weighed down by US political uncertainty and uninspiring US data that added to doubts about whether there will be another Federal Reserve rate hike this year.

Growth in the world's largest economy picked up to 2.6% in the second quarter, matching expectations of economists polled by Reuters, but growth in the first quarter was revised down to 1.2%.

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