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US Federal Reserve (US Fed)
Global Markets
Hedge fund manager netting 29% gain sees S&P 500 going nowhere
The S&P 500 will be trapped in a band between 3,500 to 4,400 in the next 18 to 36 months, according to the market veteran.
December 19, 2022
Global Economy
Briefs: Fed still has 'some ways to go', Japfa's AustAsia to launch IPO on Dec 15
Quoteworthy: "You can commit fraud in shorts and T-shirts in the sun." — Damian Williams, US attorney.
December 16, 2022
US Economy
Economists see Powell’s message as 'hawkish'; 50 bps increase 'consistent' with forecasts
"Real interest would rise considerably next year, which could hurt economic growth and affect financial stability": DBS
December 16, 2022
US Economy
Bill Ackman says Fed's 2% inflation target 'no longer credible'
A targeted inflation of around 3% would be a better strategy for long-term growth, says Ackman.
December 16, 2022
US Economy
Powell says Fed still has a 'ways to go' after half-point hike
The S&P 500 index dropped as investors digested the news.
December 15, 2022
US Economy
Fed's message that rates will stay on hold for 'some time' clashes with 2023 rate-cut bets
The central bank looks set on Wednesday to increase its benchmark rate by 50 bps in a downshift after four straight 75 bps moves.
December 12, 2022
US Economy
Most Fed officials seek to slow pace of interest-rate hikes soon
In another revelation, Fed staff told officials that their assessment of the risks of a recession had grown to almost 50-50.
November 24, 2022
Global Economy
Briefs: Smaller rate hikes expected ahead, says Fed chair Powell
In other news, MAS's Ravi Menon says Singapore can absorb record inflows of new money; DBS to tap into new digital asset platform.
November 03, 2022
US Economy
Powell signals smaller rate hikes ahead on path to higher peak
The move lifts the Fed’s benchmark to a 3.75%-4% range, from nearly zero in March.
November 03, 2022
US Economy
Tough-talking Powell wipes out US$59 bil from biggest fortunes
The S&P 500 Index fell 2.5% on Wednesday, the biggest decline since Oct 7, after the Fed released its policy statement.
November 03, 2022