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

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Indonesian President Prabowo Subianto and Russian President Vladimir Putin met at the Kremlin in Moscow on April 13.

    As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    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