BoS: Looser financial conditions to push Fed rate hikes

27 July 2017 | 2 minutes read

With the US Federal Reserve planning to shrink its balance sheet from September, Bank of Singapore expects the central bank to further tighten its policy by raising interest rates in December and four times in 2018. “Looser financial conditions mean the Fed should keep pushing rates higher,” the bank said in its latest investment note. “Admittedly that looks dubious in…

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