The fed is more concerned of the larger and overall picture than thenimmediate crisis thats happening with banks. Should the feds decide to ease up now before inflation is significantly down, its just going to reverse all the work they’ve been working on since thenrate hikes started.
The logical cause of action is to stay on course with inflation firefighting. Its expected for somethings to break and SVB just happens to be one of those things.
Depositors...
The logical cause of action is to stay on course with inflation firefighting. Its expected for somethings to break and SVB just happens to be one of those things.
Depositors...
Not this year atleast.
I keep reading news that inflation is going down and the feds would pivot soon but I hate to break it to ya, they ain’t gonna pivot anytime this year. They’re gonna keep it at whatever terminal rate they decide on and keep it there for the whole year which will inevitably cause a recession as more and more folks feel the pinch down the road.
However if they do pivot then HIP HIP HURRAY right? WRONG! Thats so much worst for the economy...
I keep reading news that inflation is going down and the feds would pivot soon but I hate to break it to ya, they ain’t gonna pivot anytime this year. They’re gonna keep it at whatever terminal rate they decide on and keep it there for the whole year which will inevitably cause a recession as more and more folks feel the pinch down the road.
However if they do pivot then HIP HIP HURRAY right? WRONG! Thats so much worst for the economy...
Had most of my funds in $Fullerton SGD Cash Fund (SG9999005961.MF)$ but will start redeeming and converting to USD to position them into $CSOP USD Money Market Fund (SGXZ96797238.MF)$ .
1) USD is weak against the SGD. Good time to convert.
2) $CSOP USD Money Market Fund (SGXZ96797238.MF)$ returning better yield than $Fullerton SGD Cash Fund (SG9999005961.MF)$ .
3) Recession is looming and it’ll be a discount spree!
1) USD is weak against the SGD. Good time to convert.
2) $CSOP USD Money Market Fund (SGXZ96797238.MF)$ returning better yield than $Fullerton SGD Cash Fund (SG9999005961.MF)$ .
3) Recession is looming and it’ll be a discount spree!
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