Amundi: Fed unlikely to tighten rate this year
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE US Federal Reserve is unlikely to tighten the interest rate this year, given global concerns over deflation, and as oil prices have declined, senior executives from fund management Amundi Asset Management said on Tuesday.
"We're still in a world of reflation," said Philippe Ithurbide, global head of research, analysis and strategy at Amundi, during a media briefing, referring to the boost in money supply in order to spur economic growth.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
