Welcome back to our Weekly Market Wrap-up, your go-to source for the latest financial insights and market happenings. Our Weekly Market Monitor provides topical commentary on the financial markets, highlighting a chart of the week and upcoming key economic events, in addition to a review of performance across asset classes and sectors. Let’s dive into the nitty-gritty of what’s recently shaken up the financial world.
Fed Rate Rollercoaster
So, the Fed kept the benchmark federal funds rate steady between 5.25% and 5.5%, déjà vu from the last meeting. But this time, the market threw a little party, cheering up from a 3-month slump. Singapore T-Bill
yield also slumped to 3.75% in the latest bidding on Nov 8. But here’s the twist: the strong reaction might not be all sunshine and rainbows. That’s now what the Fed want to see. Powell had to step in to “clarify” that the Fed isn’t