US Fed fund rates

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

The Fed has guided for rates to be near zero till 2022. Fed Fund rates after the Global Financial Crisis peaked at 2.27% (2017).

One of the biggest fears in the markets now is a second Covid-19 wave. A second confinement period to halt another outbreak is of particular concern, as it would halt economic activity again and destroy the nascent recovery.

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 (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 decisio

(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% a

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 a

(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.

(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 preferenti

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.