US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
The pace of policy tightening will likely remain dependent on US inflation rates in the coming months
Add BT as a preferred source
GLOBAL financial markets may be heaving a sigh of relief for now as analysts believe that the US Federal Reserve has shown some restraint and appeared to be less hawkish than expected.
In a widely expected move, the US Federal Reserve held interest rates steady overnight on Wednesday (May 1).
IG market analyst Yeap Jun Rong noted that the Fed appears to have shown a higher threshold for additional rate hikes despite the recent run in persistent inflation. Fed chair Jerome Powell said that further rate hikes remain “unlikely”.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
