“US Fed Chair Jerome Powell highlighted a marked slowdown in job creation. Despite the unemployment rate remaining low at 4.2%, Powell noted that this stability masks a concerning trend; both labour demand and supply have weakened due to tighter immigration policies and slowing labour force growth,” writes Koh in his Aug 25 report.
UOB Kay Hian (UOBKH) analyst Jonathan Koh is staying “overweight” on Singapore REITs (S-REIT)as he sees the upcoming rate cut by the US Federal Reserve (US Fed) to trigger a revival in liquidity.
Koh notes that the US Fed’s three-day annual international conference held in the city of Jackson Hole, Wyoming, points to US monetary policy being at an inflexion point, with a potential switch towards easing to support the slowing job market.
