The Business Times

US Federal Reserve

International

US Treasury chief Bessent calls for simplified Fed as he ends candidate interviews

As of Friday’s close, the benchmark S&P 500 index and Nasdaq Composite were down 4% and 7% respectively from their late October record highs.
Capital Markets & Currencies
ANALYSIS

Investors eye holiday season turbulence amid AI and rate cut doubts

The Fed is, after a long government shutdown, finally receiving new official data, but so far it has not done much to resolve the division among policymakers.
International

US Fed fractures deepen as Barr signals inflation concern

The delay means that the Federal Reserve will not have access to official October jobs data ahead of its next scheduled policy meeting.
International

US government to skip October jobs report due to shutdown

According to the Fed minutes released on Wednesday, “participants expressed strongly differing views about what policy decision would most likely be appropriate” in December.
Banking & Finance

Many US Fed members were inclined against December interest rate cut: minutes

US Treasury Secretary Scott Bessent said President Trump could announce the next Federal Chair before Christmas.
Banking & Finance

Trump could announce next Fed chair before Christmas, Bessent tells Fox News

Michelle Bowman's comments came after the release of a memo that called on supervisory staff to prioritise attention on a firm’s “material financial risks,” rather than focusing too much on processes and documentation that do not pose significant risks to a firm’s safety and soundness.
Banking & Finance

US Fed official defends easing of bank oversight as concerns mount

Federal Reserve Governor Christopher Waller said a December cut will “provide additional insurance” against an acceleration in labour market weakening, adding that he backs another 25 basis points reduction.
Banking & Finance

US Fed official backs further rate cut due to weak job market

Atlanta Federal Reserve President Raphael Bostic’s exit marks the second departure this year of a hawkish voice at the Fed.
Banking & Finance

Bostic announces retirement amid Trump push for more influence over Federal Reserve

The currency breached the 4.16 level against the greenback on Tuesday (11 Nov) to hit 4.159 at 8.59am SGT, continuing a strong rally since last week.
Capital Markets & Currencies

Ringgit hits year’s high against Singdollar; further gains likely but greenback direction is key

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