The Business Times
business-time-50

Beyond rate hikes: Where markets may find their next drivers

Benefits of AI-related capex are set to become evident in corporate revenues, profit margins

Summarise
google-preferred-sourceAdd BT as a preferred source
阅读简体中文版 (beta)
    • A rate hike by the US Federal Reserve would more likely represent a reversal of the past year’s “insurance cuts”, rather than the start of a full-blown tightening cycle.
    • A rate hike by the US Federal Reserve would more likely represent a reversal of the past year’s “insurance cuts”, rather than the start of a full-blown tightening cycle. PHOTO: REUTERS

    Mark Richards

    Published Tue, Jun 30, 2026 · 02:14 PM

    JUNE was a pivotal month for global monetary policy.

    The European Central Bank raised its key policy rates by 25 basis points. The US Federal Reserve unanimously kept the federal funds rate unchanged at 3.5 to 3.75 per cent, but new Fed chair Kevin Warsh ushered in a new era seeking to re-establish the institution’s inflation-fighting credibility.

    Markets have increasingly priced in the possibility that the Fed could shift its policy path, with some even expecting another rate hike before year-end.

    US Federal ReserveGoldAsian equities

    TRENDING NOW

    Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

    What makes a good job? Feeling that you matter

    Acting Minister-in-charge of Muslim Affairs Faishal Ibrahim resigned from political office on Jul 20.

    Faishal Ibrahim resigns over online messages with a female member of the public

    Alibaba’s Qwen alone has overtaken Meta’s Llama to become the most downloaded open-source model family in history.

    When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry

    CapitaLand Integrated Commercial Trust is spending S$160 million to revamp Plaza Singapura and The Atrium@Orchard.

    Retail resets: Mall owners reposition shopping centres as Singapore’s consumer landscape evolves

    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