The Business Times
business-time-50
NEWS ANALYSIS

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

    This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

    Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    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