The Fed statement noted: “Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low.”
The city-state’s economy is heavily reliant on trade. Disruptions caused by changes in the global currency system could hamper export and import activity, affecting the stock performance of local stocks
On Sept 17, the US Federal Reserve announced a 25 basis point (bp) cut in the Federal Funds Rate (FFR) for the first time this year.
