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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: How will stock markets be impacted by the US Fed's interest rate decision?
Description: The US Federal Reserve's updated forecasts for its benchmark interest rate - due Thursday morning Singapore - are looming as a potential decider for a Treasuries market at risk of a third year of losses. The two key questions are whether policymakers retain expectations for one more 25 basis-point rate hike by year-end, and how much easing they are pencilling in for 2024. The Federal Open Markets Committee FOMC is also due to release its quarterly Summary of Economic Projections, which will include the "dot plot," or a glimpse into participating members' expectations regarding the future path o...