US Federal Reserve (US Fed)

US Economy

UBS strategists see far deeper Fed rate cuts than what markets are pricing

UBS strategists predict that the Federal Reserve will cut interest rates by 275 basis points next year.

US Economy

US Fed signals yield rise reduces need to hike, but door still open

The unanimous decision left the target range for the benchmark federal funds rate unchanged at 5.25% to 5.5%.

US Economy

Powell signals Fed to stay on hold and keep future hike on table

The comments effectively affirm market expectations for the Fed to skip a rate increase for a second straight meeting on Oct 31.

Global Economy

Briefs: Fed signals higher-for-longer rates; Goldman raises Brent oil forecast to US$100 as rally builds

Quoteworthy: "Ukrainian soldiers are doing with their blood what the UN Security Council should do by its voting."

US Economy

Key takeaways from Fed chair Jerome Powell’s Jackson Hole speech

Powell made it clear that the US central bank was prepared to raise interest rates further if needed.

Global Economy

Briefs: Singapore seeks financial firms' documents in laundering case, SGX RegCo issues 'trade with caution' on DRT

Quoteworthy: "We want good luck and good things to happen." –— Presidential candidate Tharman Shanmugaratnam.

Global Economy

Briefs: US Fed raises interest rates; manufacturing output down while headline and core inflation figures ease in June

Quoteworthy: "And soon we shall bid adieu to the twitter brand and, gradually, all the birds." - Elon Musk
Fed raises interest rates to 22-year high, leaves door open for more - THE EDGE SINGAPORE

Fed raises interest rates to 22-year high, leaves door open for more

The quarter percentage-point hike lifted the target range for the Fed’s benchmark federal funds rate to 5.25% to 5.5%.

Global Economy

Briefs: S Iswaran assisting in CPIB probe; Malaysia attempts revival of KL-Singapore high-speed rail project

"Twitter has had the opportunity to do this but hasn’t nailed it… Hopefully we will." - Mark Zuckerberg.