So the United States Federal Reserve voted on Dec 13 to hold interest rates at a 22-year high for the third straight meeting and signaled that it expects to make three cuts in 2024.
For much of 2023 and 2022, S-Reit share prices in general have been under pressure or for lack of a better word, softening. Recovering in late Oct 2023. With the above signal from US Federal Reserve, prices seem to hovering above the Oct 2023 lows for now. The Fed’s decision was to keep its key lending rate between 5.25 percent and 5.5 percent lets policymakers determine “the extent of any additional policy firming that may be appropriate”
For the banks, since I have DBS in my portfolio, I typically track its price. For much of 2022 and 2023, its prices have been pretty much range-bound after the low in March 2020.
With a significant portion of my portfolio in dividend stocks and bonds,...