US Fed fund rates

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 ...
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 ...
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, ...