Impending Fed rate cut offers Singapore firms silver lining amid cloud of global uncertainties

AS the US Federal Reserve prepares to cut interest rates, Singapore businesses are weighing the potential benefits of cheaper financing against global economic uncertainties, industry observers say.

“The Fed rate cut story has been one of the most highly anticipated events this year,” OCBC chief economist Selena Ling told The Business Times.

Now, as US inflation shows signs of easing, the focus shifts to the pace of these reductions – whether they will come “fast and furious”, or be more gradual.