Jerome Powell

The Fed is currently buying US$80 billion ($108 billion) a month in Treasuries and US$40 billion of mortgage-backed securities.

We think that, unlike in 2013 and 2018, the current tantrum is not driven by perceived Federal Reserve hawkishness.

“We expect the new dovish strategy may lead to the Fed keeping its fed funds interest rate at 0.00-0.25% for up to the next five years now.” - BOS Chief Economist Mansoor Mohi-uddin.

SINGAPORE (Oct 31): Just a day before Halloween, the US Federal Reserve spooked the market with its third interest rate cut in a row this year.

SINGAPORE (Oct 7): US recession indicators are growing stronger and there is one bigger-than-usual reason why the world should be worried: China is not coming to the rescue this time.

(Aug 5): Asian shares slid to 6-1/2-month lows on Monday and the yuan plunged as a rapid escalation in the Sino-U.S. trade war drove nervous investors to safe-havens such as the yen, bonds and gold.

SINGAPORE (July 29): From the early 1980s until the start of the financial crisis in September 2008, the US Federal Reserve seemed to have a coherent process for adjusting its main short-term interest rate — the federal funds rate. Its policy had three

SINGAPORE (July 29): From the early 1980s until the start of the financial crisis in September 2008, the US Federal Reserve seemed to have a coherent process for adjusting its main short-term interest rate — the federal funds rate. Its policy had three

(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.

SINGAPORE (Jan 18): UOB Kay Hian is maintaining Singapore’s banking sector at “overweight” after the US Fed calmed the nerves of investors with its dovish disposition, which subsequently generated a relief rally.