Businesses Hope for Cheaper Financing as US Inflation Eases
As the US Federal Reserve prepares to cut interest rates, Singapore businesses are cautiously optimistic about the potential benefits of cheaper financing, according to industry observers. Since the Fed began raising rates in March 2022, its actions have had significant ripple effects on global markets and economies.
Selena Ling, chief economist at OCBC, highlighted that the anticipated rate cuts have become one of the most awaited events of 2024. With US inflation showing signs of easing, the focus now shifts to how quickly and aggressively the Fed will implement these cuts. The uncertainty surrounding the pace of the reductions could have a major impact on businesses looking to navigate the shifting economic landscape.
