BoS: Tax cuts likely to bring pressure to Fed’s rate hike programme

8 November 2017 | 2 minutes read

Bank of Singapore believes that as potential tax cuts in the US would further stimulate the economy, the Fed would be under pressure to raise interest rates more aggressively than planned in order to balance the impact of the tax reform. According to the latest FOMC, the Fed has planned for three more rate hikes in 2018 on top of…

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