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Briefs: Fed's Powell cements pivot; MAS keeps policy settings; Singapore investment pledges halved to $12.7 bil

The Edge Singapore
The Edge Singapore • 8 min read
Briefs: Fed's Powell cements pivot; MAS keeps policy settings; Singapore investment pledges halved to $12.7 bil
Powell: It’s a highly consequential decision to start the process of dialling back on restriction and we want to get that right. Photo: Bloomberg
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Quoteworthy: "I would block it instantaneously. Absolutely." –— Republican frontrunner Donald Trump on the bid by Nippon Steel to acquire US Steel

Fed’s Powell cements pivot but pushes back on timing of cuts

US Federal Reserve officials cemented the end of their aggressive campaign to push up interest rates, and sought to reset expectations for how soon and how fast they will cut this year as inflation pressures fade.

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