Fed rate cut to boost Singapore’s economic outlook, stock market

The Fed move will not only help the consumer-driven US economy but also lift global demand.

If the US central bank delivers more rate cuts, it will help the US economy and lift global demand, which benefits Singapore, says the writer.

PHOTO: BT FILE

Ovais Subhani

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SINGAPORE – The US Federal Reserve chose to go big with its first interest rate cut in four years while signalling for more – a move that analysts see boosting Singapore’s export-fuelled economy and its stock market.

The Fed on Sept 18 lowered its federal funds rate,

which serves as a benchmark for interest rates in the rest of the US economy, by half a percentage point, an unusually aggressive move designed to head off an economic slowdown.

Fed rate cut to boost Singapore’s economic outlook, stock market

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