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Expect higher rates by June: economist

Wed, Jan 07, 2015 - 5:50 AM

Jamie Lee leejamie@sph.com.sg@JamieLeeBT

Mr Jerram says the Fed is "already two years late in raising rates".

FILE PHOTO

Singapore

THE market has underestimated the pace of higher interest rates in the US, with the first hit expected around June rather than in the second half of the year, as some expect, says Bank of Singapore chief economist Richard Jerram.

This sets the stage for some volatile...

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