He elaborates that Fed chairman Jerome Powell has warned that the Fed has “some ways to go” in its efforts to tame inflation, and also cautioned that the peak of interest rates could be higher than previously anticipated.
UOB Kay Hian analyst Jonathan Koh has maintained his “overweight” rating on the Singapore REITs (S-REIT) sector, saying that a gradual easing of inflation rates are a “positive” for the sector.
In his note on Jan 9, Koh says that he expects the US Federal Funds Rate to peak at 5% by mid-2023 and remain elevated in the second half of 2023.
