Federal Open Market Committee (FOMC)

Analysts from Bank of Singapore, DBS and UOB expect the Fed to announce tapering this November.

That said, all six Fed Board of Governors led by Fed Chair Powell still command the majority on the FOMC.

OCBC Chief Economist Mansoor Mohi-uddin sees low rates persisting till as late as 2025.

SINGAPORE (Nov 4): On Oct 30, the US Federal Reserve announced its third interest rate cut this year, a move that was not unexpected.

SINGAPORE (Aug 26): The minutes of the Federal Open Market Committee’s July 31 meeting have indicated that the officials were widely divided in the US Federal Reserve’s decision to ease monetary policy.

SINGAPORE (July 1): In December 2015, the US Federal Reserve raised interest rates for the first time in a long while. This ended the unprecedented era of ultra-accommodative monetary policies deemed necessary to resuscitate economies after the 2008/09 gl

SINGAPORE (May 27): The US’ decision to include Huawei Technologies on its US Entity List has added fuel to the trade tensions between itself and China. 

SINGAPORE (Mar 21): The US Federal Reserve is widely expected to hike the federal funds rate by 25 basis points (bps) to between 1.5% and 1.75% tonight.

SINGAPORE (Feb 2): The Federal Open Market Committee, meeting for the last time under outgoing chair Janet Yellen, left the federal funds rate unchanged on Jan 31 while paving the way for rate hikes under Yellen’s successor Jerome Powell.

WASHINGTON (Aug 17): Federal Reserve officials are looking under the hood of their most basic inflation models and starting to ask if something is wrong.