Reits retreat as Fed statement raises rate fears

THERE were two events this week worth discussing - the US Federal Reserve's first Federal Open Market Committee (FOMC) meeting of 2015 and the Monetary Authority of Singapore's (MAS's) move on the currency front to reduce the slope of its policy band that has led to the Singapore dollar (SGD) weakening.

However, although both were in theory negative for stocks, the Straits Times Index managed to hold reasona…