Add to this a couple of months before the Fed signals it is shifting to “neutral” the month in question would have been reached. “November is very critical,” says Chew in an interview with The Edge Singapore.
Come November, there should be some respite for rising interest rates for stock markets and investors, says Paul Chew, head of research at Phillip Securities.
Chew expects the US Federal Reserve to continue hiking up rates till September to tackle inflation because the Fed seems to be guiding a “neutral rate” of 2.25%–2.5%, which, based on the current pace of hiking 50 basis points (bps) at each meeting, should be achieved four months from now.
