$OCBC Bank (O39.SG)$ NEXT WEEK NEW ATH 15.50. FED RATE CUT I...
NEXT WEEK NEW ATH 15.50. FED RATE CUT IS NOT EVEN POSSIBLE THIS YEAR. PLEASE DON’T BULLSHIT CREATE NOISE. LISTEN INTEREST RATE NOW IS 5.5% to 5.75% HIGH. USE YOUR BRAIN MATHS TO CALCULATE. EVEN IF ONE TIME OF INTEREST CUT IS 0.25% ONLY. MEANING WE ARE STILL HAVING HIGH INTEREST RATE ENVIRONMENT AT 5.25% to 5.5% BANK RATE UNTIL 2026 TWO YEARS. ALL THREE LOCAL SG BANK ALREADY FACTOR IN THEIR PROCESS.
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friend688 OP : Inflation is now around 2-and-a-half percent, so we have seen significant progress in bringing it down,” New York Fed President John Williams said last week at an event in India. “But we still have a way to go to reach our 2% target on a sustained basis.”
friend688 OP : “We do not expect it will be appropriate to reduce the target range for the federal funds rate until we have gained greater confidence that inflation is moving sustainably toward 2%,” Powell said in prepared testimony submitted to congressional lawmakers. During the hearing, Powell didn’t specify that cutting this year remains likely, or give any hint about the timing of the first rate cut, which is a departure from previous comments he’s made.