SINGAPORE – It is almost a given that the United States Federal Reserve will hike its key rate by 75 basis points (bps) when it meets later this month.
Fed chair Jerome Powell, in a closely watched speech at the Cato Institute in Washington last week, reiterated that the US central bank is “strongly committed” to bringing inflation down and needs to keep going until it gets the job done.
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MCI (P) 031/10/2021, MCI (P) 032/10/2021. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2021 SPH Media Limited. All rights reserved.