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Top Stock Market Highlights of the Week: US Federal Reserve, Pacific West Bancorp and CapitaLand Ascendas REIT
By The Smart Investor  •  May 6, 2023
Welcome to the latest edition of top stock market highlights. US Federal Reserve The US Federal Reserve isn’t done with raising interest rates. The central bank has pulled off its 10th consecutive interest rate increase, raising it by 0.25 percentage points, in a bid to tame inflation which is running at more than double its 2% target level. The unanimous decision by the officials has brought the benchmark overnight interest rate to between 5% and 5.25%, the highest since August 2007. But if you are wondering just when the Federal Reserve will stop raising rates, there’s hope for a reprieve. Officials have said that they need time to assess the fallout from recent bank failures at Silicon Valley Bank and Signature Bank and to monitor the course of inflation. As such, the central bank has signalled that it may pause further rate hikes but stopped short of stating that it will end its rate hike regime....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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