Rate hike is the first since 2006 and reflects recent comments by chair Janet Yellen that underpinning of US economy is finally healthy
Is something big happening at the Federal Reserve this week?
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Rate hike is the first since 2006 and reflects recent comments by chair Janet Yellen that underpinning of US economy is finally healthy
Is something big happening at the Federal Reserve this week?
Sub-sales are now a thing of the past.
Eight rounds of cooling measures have done a good job of curbing speculative property buying in Singapore, according to this chart from Credit Suisse.
After a lot of angst over whether Singapore's property market faces a crisis, the city-state's efforts to rein in household debt and home prices appear set for their first test as local rates begin to rise.
"Consumer demand has been quite weak already, weighed by the household debt issue," said Michael Wan, an economist at Credit Suisse."Any incremental rise in interest rates will be more negative for private consumption demand."