Federal Reserve

SINGAPORE (Nov 24): RHB is maintaining its “buy” recommendation for DBS Group, and raised its target price from $17.30 to $18.38, as market watchers become increasingly certain that the US Federal Reserve will raise interest rates in December.

SINGAPORE (Nov 7): Central banks have been largely ineffective in creating credit within their economies despite repeated efforts at tweaking their monetary policy, and Huw van Steenis, the Global Head of Strategy at Schroders, thinks he might know the re

WASHINGTON (Sept 22): A divided Federal Reserve left its policy rate unchanged for a sixth straight meeting, saying it would wait for more evidence of progress toward its goals, while projecting that an increase is still likely by year-end.

SINGAPORE (Aug 23): The annual Jackson Hole Economic Policy Symposium hosted by the Federal Reserve Bank of Kansas City will be held from Aug 25 to Aug 27. The theme for this year is “Designing Resilient Monetary Policy Frameworks for the Future”.

SINGAPORE (July 28): As widely expected, the Federal Reserve has decided to keep the target range for federal funds rate at 0.25-0.5% following its latest Federal Open Market Committee (FOMC) meeting on July 26-27.

WASHINGTON (July 14): The US economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday.

SINGAPORE (July 11): UOB Group says the US economy’s “remarkable recovery” in June bolsters its expectations of at least one rate hike this year, specifically in December.