The Business Times
business-time-50
NEWS ANALYSIS
·
SUBSCRIBERS

To avert a financial crisis, the Fed seems poised to keep interest rates unchanged

google-preferred-sourceAdd BT as a preferred source
    • Observers say the Fed will have to walk a “tightrope” in the coming months, balanced precariously between the possibility of a credit crunch and a major recession on the one side, and out-of-control inflation on the other. 
    • Observers say the Fed will have to walk a “tightrope” in the coming months, balanced precariously between the possibility of a credit crunch and a major recession on the one side, and out-of-control inflation on the other.  PHOTO: AFP

    Rob Curran

    Published Tue, Mar 21, 2023 · 06:00 PM

    THE US Federal Reserve could try to shock the banking system back to life and avert a burgeoning financial crisis by holding interest rates steady at the end of its two-day meeting on Wednesday (Mar 22).

    Up till Mar 11, when the central bank’s media “blackout” ahead of this week’s meeting began, Fed chair Jerome Powell and other senior officials had repeatedly guaranteed a continuation of their inflation-fighting campaign.

    But the world has changed a lot since then, in a way that brings back painful memories of the global financial crisis back in 2008.

    credit suisseUBSUS Federal ReserveJerome Powell

    TRENDING NOW

    The Monetary Authority of Singapore said it is following up with the three Singapore entities to reinforce its expectations of conduct and compliance.

    Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    Nuclear power “is very much back in the conversation” in Asia, say industry observers.

    As India and China surge ahead with nuclear energy, all eyes on Asean’s next move

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More