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US Federal Reserve (Fed)
Tong's Portfolio
How much is too much QE?
Clearly, what was once unthinkable and unprecedented is now rapidly turning into the norm — with no end in sight.
September 25, 2020
Broker's Calls
Global gold ETF holdings now second behind US bullion reserves
Global gold ETF holdings eclipsed German gold reserves on Monday as investors seek safety from Covid-19.
August 04, 2020
Global Markets
The Fed is headed in the same direction as the ECB
The US Federal Reserve has started buying corporate bonds in the secondary market, but it is not the first of its peers to do so.
June 19, 2020
Broker's Calls
Bank of Singapore analysts expects no Fed hikes through 2022 as central bank fights off deflationary pressures
The Fed has come out in favour of maintaining or even increasing the pace of QE to avoid a new case of taper tantrum, says BOS analysts Eli Lee and Conrad Tan.
June 11, 2020
Covid-19
Market meltdown to persist even as US Fed slashes interest rate to all-time low
As recession risks rise, the Singapore economy is looking at a 0.9% y-o-y contraction for the first quarter as the pandemic continues to spread.
March 16, 2020
Zest
Analysts downbeat about 3QFY2019 banks' results
SINGAPORE (Oct 29): United Overseas Bank is due to report 3QFY2019 earnings on Nov 1, Oversea-Chinese Banking Corp on Nov 5 and DBS Group Holdings on Nov 11.
With the US Federal Reserve cutting the Fed Funds Rate twice this year, the banks’ net in
October 29, 2019
Global Economy
The crisis of central bank governance
SINGAPORE (Oct 14): The relationship between monetary authorities and governments differs in important ways between the US and the eurozone. The US invariably falls into a traditional pattern whereby governing politicians, with an eye towards the electora
October 11, 2019
US-China trade war
China will not save the world economy this time
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.
October 04, 2019
Global Economy
While the Fed has no 'guts', the PBOC is on steroids
SINGAPORE (Sept 23): It is debatable whether the US Federal Reserve has sense, vision or “guts”. But one thing is certain: The US central bank has become a weakling. The People’s Bank of China, on the other hand, is loaded with technocrats on steroi
September 20, 2019
Bonds and treasuries
Tracking the universe of positive yielding bonds
Stock of negative-yielding global bonds has almost doubled in 2019
August 27, 2019