Interest rate trajectory: different endings
Singapore
There is no doubt to pundits about the direction of interest rates, but each has a different view on where the trajectory would end.
The US Federal Reserve raised interest rates by a quarter of a percentage point on Sept 26 to a range of 2 per cent to 2.25 per cent - its third time this year and the eighth since it started raising rates in 2015. It is forecast to raise rates again in December, followed by three more hikes in 2019.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Huawei’s new phone sports latest version of made-in-China chip
Meta’s earnings flop sparks US$400 billion sell-off in tech stocks
Singapore shares open lower on Friday; STI down 0.1%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Roku’s warning on ad-supported streaming competition clouds upbeat earnings
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard