askST: How will your home loan and investments be affected by the Fed’s interest rate cut?

Quick Summary:

SINGAPORE – The era of high interest rates appears to be at a turning point after the United States central bank cut rates by half of a percentage point on Sept 18.

A soft landing refers to a situation where economic growth gradually slows and the unemployment rate remains low, even as inflation returns to the Fed’s 2 per cent target rate.

Mr Wayne Quek, director of mortgage consultancy Home Loan Whiz, said fixed rates are priced based on expected interest rates over the next two years, “so most of these have already factored in the drop”.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Fixed Rate Rates Loan Cent Investors Added Fed’s Singapore Interest Investments

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 21:43:15 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1368 words

Reading Time: 8 minutes read

Sentences: 53 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22596669

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 19 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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