Curb your enthusiasm: Why interest rates are not falling to pre-pandemic levels soon

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Cost pressures from geopolitics and climate change are some of the factors, say analysts.

US policymakers and some private economists believe that the world’s largest economy is in a new cycle, where low inflation, low growth and high unemployment are things of the past.

SINGAPORE – A bigger-than-expected cut by the United States Federal Reserve may have given the impression that the interest rates on home and car loans here will rapidly fall to lows seen before the Covid-19 pandemic.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: First Subscriber-only Inflation Access Stories 2024 Continue Reserve Unlimited 99/month Federal

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 05:00:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 187 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 22807660

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 29 minutes ago

Coverage Areas: Singapore

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Publisher ID: #25

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