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Federal Reserve (Fed)
Global Economy
Recession-shocked savers rein in rates with a US$20 tril hoard
In a recession, is cash really king?
July 24, 2020
Broker's Calls
Fed fine-tunes credit purchases but no credit expansion has taken place
“I don’t see us wanting to run through the bond market like an elephant snuffing out price signals, things like that.” - Jerome Powell, Federal Reserve Chairman
June 18, 2020
Tong's Portfolio
Liquidity to companies, not capital markets, needed
The sell-off has been fast and furious. There is indiscriminate selling across the board, regardless of quality, likely perpetuated by algorithm trading and exchange-traded funds.
March 20, 2020
US-China trade war
Fed needs to fight against Trump's trade war, not Trump
SINGAPORE (Aug 30): The US Federal Reserve has responded to the suggestion that it wade into presidential politics the only way it could: with a forceful denial. “The Fed’s decisions are guided solely by its congressional mandate to maintain price sta
August 30, 2019
Investing strategies
What should investors do as interest rates turn negative?
SINGAPORE (Aug 26): US President Donald Trump urged the US Federal Reserve this past week to cut interest rates by at least 100 basis points and pursue quantitative easing. With the 2020 US presidential election on the horizon, Trump has a strong incentiv
August 26, 2019
Investing strategies
What should investors do as interest rates turn negative?
SINGAPORE (Aug 26): US President Donald Trump urged the US Federal Reserve this past week to cut interest rates by at least 100 basis points and pursue quantitative easing. With the 2020 US presidential election on the horizon, Trump has a strong incentiv
August 23, 2019
Global Economy
Mysteries of monetary policy
SINGAPORE (July 15): One of the remarkable features of post-war economic history has been the taming of inflation in the US and many other countries since the mid-1980s. Before then, the US inflation rate (based on the deflator for personal consumption ex
July 14, 2019
Global Economy
Mysteries of monetary policy
SINGAPORE (July 15): One of the remarkable features of post-war economic history has been the taming of inflation in the US and many other countries since the mid-1980s. Before then, the US inflation rate (based on the deflator for personal consumption ex
July 12, 2019
Global Economy
Jerome Powell flags rate cut as global chill outweighs good US news
(July 11): The Federal Reserve is preparing to cut interest rates for the first time in a decade because it sees a cooling global economy and no sign of overheating in the jobs market at home.
July 11, 2019
Global Economy
Central banks turn dovish as IMF urges to 'do no harm'
SINGAPORE (Apr 15): Major central banks around the world have maintained a dovish stance, in line with a softer growth outlook by the International Monetary Fund.
April 15, 2019