Zero rate policy comes with a cost
Savers, who are starved for yield, subsidise borrowers.
Add BT as a preferred source
ON Oct 28, the Federal Reserve's Federal Open Market Committee provided a statement that while broadly in line with prior communications, provides some additional hints at the Committee's thinking on initial rate lift-off.
Specifically, the Fed maintained its focus on external "global economic and financial developments", which was a phrase introduced in the September statement, despite some key Committee members appearing to temper that concern in recent speeches.
In any event, global financial conditions appear to have stabilised somewhat since late summer.
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
