federal rate cuts

BNY notes that this move has been 91% priced in.

A large majority of economists surveyed see only a quarter-point decrease in interest rates coming in September.

The critical need when economies suffer a shock like this is to ensure that the initial shock is not amplified and that there are sufficient shock absorbers in the system to mute the initial impact.

SINGAPORE (Oct 29): United Overseas Bank is due to report 3QFY2019 earnings on Nov 1, Oversea-Chinese Banking Corp on Nov 5 and DBS Group Holdings on Nov 11.  With the US Federal Reserve cutting the Fed Funds Rate twice this year, the banks’ net in