Fed rate hikes, upcoming T-bill auction & Grab cost cuts If you’ve been to Orchard Road recently, it's not difficult to tell from the festive mood that Christmas is round the corner. The one event that many investors were looking out for before winding down for the year was the last Federal Reserve meeting earlier this week. While the 0.50% rate hike was widely expected, the Fed’s projections that interest rates could reach higher levels compared to its previous forecasts were not well received by the market. With the Fed rate hike, some investors here in Singapore are expecting that we might see higher yields for the upcoming 6-month T-bill auction on 21 December. However, we share why that might not be the case with the fall in government bond yields. As we countdown to 2023, we will also share some tips to help you manage your finances better. We start with 3 ways that you can lower your tax bill....