Bank of Singapore: “More of the same” from Powell, expect four 2018 rate hikes

28 February 2018 | 3 minutes read

New Fed Chair Jay Powell’s testimony to Congress demonstrates more of the same—gradual rate policy normalisation and a readiness to shift trajectory based on economic news flow— according to Bank of Singapore, which forecasts that this “textbook central banking” will result in raised growth and inflation projections by the FOMC and four rate hikes in 2018. “Powell downplayed the significance…

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