Federal Open Market Committee

Both STI and HSI have stabilised temporarily as the FOMC indicates a possible interest rate hike

(Mar 22): Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook. Policy makers cont

SINGAPORE (Feb 15): US President Donald Trump could potentially appoint five new voting members to the Federal Open Market Committee (FOMC) within the next 18 months following the end of the terms for Fed Chair Janet Yellen and Vice-Chair Stanley Fischer.

(Dec 15): Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017, saying inflation expectations have increased “considerably” and suggesting the labor market is tightening.

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 (May 18): Gold snapped three days of gains as bets on the Federal Reserve lifting rates this year gained after stronger-than-expected US data and comments from two policy makers that pointed toward increases.

NEW YORK (May 18): Two regional Federal Reserve bank presidents said at least two interest-rate increases may be warranted this year because the economy continues to expand and inflation is picking up, pushing back against expectations the central bank wi