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US Federal Reserve (The Fed)
US Economy
Oaktree Capital Management says Fed cuts to take US rates no lower than 3%
The Fed had been required to lift rates due to the “emergency” over inflation in recent years. “The emergency, I think, is over.”
September 05, 2024
Tong's Portfolio
Bond market expects fewer cuts in interest rates than equity market — a soft landing scenario for the US economy
The portfolio is fully invested again — after we disposed of our stakes in Microsoft and VOO.
August 29, 2024
US Economy
Powell’s pivot leaves traders debating size, path of rate cuts
With only three Fed gatherings left this year, that suggests traders see a solid chance that one reduction is super-sized.
August 26, 2024
Singapore economy
Singapore dollar trading around 10-year high on policy outlook
Singapore’s currency has gained about 1.5% this year, the second-best performer in Asia behind Malaysia’s ringgit.
August 26, 2024
US Economy
Don’t expect Powell to promise a 50bp cut in his Jackson Hole speech: Natixis
Powell is due to speak on Friday, 10pm Singapore time, at the Federal Reserve Bank of Kansas City’s Jackson Hole symposium.
August 22, 2024
Banking & finance
S’pore banks signal pivot to fee income, fixed-rate loans, cash flow hedges as rate cuts loom
Rising and declining interest rates are both double-edged swords for the local banks.
August 22, 2024
US Economy
The stakes are high for Powell at Jackson Hole
It is critical for Powell to take advantage of the golden opportunity this Friday to regain control of the economic narrative.
August 19, 2024
Currencies
Asia currencies hit seven-month high on ‘Goldilocks’ US scenario
Equities also climbed on Monday, with the MSCI Asia Pacific Index rising almost 1%, heading for its highest close in a month.
August 19, 2024
US Economy
Powell steps into the spotlight at Jackson Hole this week
Fed Chair Jerome Powell will speak about the economic outlook in a keynote address on Friday.
August 18, 2024
Global Markets
Japan’s three-day meltdown rewrites records; analysts debate Fed inter-meeting cuts
The Fed did “meaningful” inter-meeting cuts in 2020 during the outbreak of Covid-19, notes one analyst.
August 07, 2024