“Markets are pricing the longer-term rate hike trajectory too benignly, despite the Fed’s guidance and firm economic data,” Ong said in an interview this week. “With the Trump administration’s proposed policy of tax cuts and increased infrastructure spending, the pace of US growth could accelerate and potentially encourage the Fed to raise interest rates at a faster pace.”

To continue reading,
Sign in to access this Premium article.
Subscription entitlements:

Less than $9 per month

3 Simultaneous logins across all devices

Unlimited access to latest and premium articles

Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories
- Testing QA Temasek-linked stocks and their valuation
- Temasek-backed UST seeks to raise at least US$500 million in IPO
- Norway wealth fund has first underperformance in five years