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Top News this Week (19 June)
By Financial Horse  •  June 19, 2022
Rounding up top investing articles from around the web, including articles shared in our Facebook Group and Reddit Community: r/SingaporeInvestments.

Fed makes biggest rate hike since 1994 to tame surging inflation (Straits Times)

“Clearly, today’s 75-basis point increase is an unusually large one and I do not expect moves of this size to be common,” Mr Powell told a post-meeting press conference. The Fed’s hawkish commitment to controlling inflation has already touched off a broad tightening of credit conditions being felt in US housing and stock markets, and is likely to slow demand throughout the economy – the Fed’s intent. “Our objective really is to bring inflation down to 2 per cent while the labour market remains strong… What is becoming more clear is that many factors that we don’t control are going to play a very significant role in deciding whether that is possible or not,” Mr Powell said, citing the war in Ukraine and global supply concerns....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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