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Podcast: The Afternoon Update with Lynlee Foo
Episode: Market Wrap: How have Singapore shares and banks reacted to the US Fed's decision to keep rates steady?
Description: The US Fed decision to keep interest rates steady at the conclusion of its two-day policy meeting this week has moved markets around the world. How have Singapore shares and banks reacted to the latest pause? On the economic front - Singapore’s non-oil domestic exports were down a surprising 14.7 per cent in May, a steeper slide than April’s 9.8 per cent contraction. What can we make of these numbers? Meanwhile, private sector economists have downgraded their full-year economic growth forecast for Singapore to 1.4 per cent this year in a quarterly survey. Was this expected? <...