听听财富经理 余依玲今日早晨上96.3好FM的股市近况
Listen to the sharing about this week’s investment outlook by our Wealth Manager, Ellie Yee, on 96.3 HAO FM.
Shared by:
Ellie Yee (余依玲)
Wealth Manager
Originally Posted on:
https://www.facebook.com/PhillipWealthAdvisory/videos/1930535797416726
Podcast English Translation:
The US Federal Reserve decided to keep interest rates unchanged within the 5.25-5.50% range.
That being said, the Federal reserve noted a significant easing in inflation over the past year. However, they signaled potential rate cuts in 2024, with projections indicating a 75 basis point reduction by year-end.
Fed officials have a cautious outlook, suggesting that the historic tightening phase of monetary policy might be over. Despite this, there remains uncertainty, as Chairman Jerome Powell emphasized that while current policy rates are likely at their peak, the dynamic nature of the economy means further adjustments could be necessary depending on future economic indicators.
With rates on hold, the ripple effects are felt globally. For instance, in Singapore, while the Fed’s decision might not directly lower savings account interest rates, local banks have already adjusted their rates in response to broader economic conditions and liquidity challenges. This could mean a continued environment of lower returns for savers despite stable or high borrowing costs.
Overall, the market has shown mixed but generally positive reactions. Investors are cautiously optimistic about the Fed’s softer stance and potential rate cuts next year, which could stimulate economic growth. However, the underlying uncertainty in the economic landscape suggests a need for vigilance and adaptability as we move forward.
Podcast English Translation:
