OCBC Bank
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do not bet against the sg bank shares
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361-380 of 482
bet on war,slowdown,decoupling or peace and trade and connectivity and dependency
chartistkao1 ( Date: 15-Dec-2022 11:56) Posted:
https://www.channelnewsasia.com/business/wto-warns-real-recession-risk-some-major-economies-3076226US vie aggressive rate hikes want the rest of world to go into depression but the world look at china to lift them out of the sad state by first scrap the zero covid19 policies and pump primp the economy
chartistkao1 ( Date: 15-Dec-2022 11:50) Posted:
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but after china scrap its zero covid19, the situation will be a complete different situation
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https://www.channelnewsasia.com/business/wto-warns-real-recession-risk-some-major-economies-3076226US vie aggressive rate hikes want the rest of world to go into depression but the world look at china to lift them out of the sad state by first scrap the zero covid19 policies and pump primp the economy
chartistkao1 ( Date: 15-Dec-2022 11:50) Posted:
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but after china scrap its zero covid19, the situation will be a complete different situation
chartistkao1 ( Date: 15-Dec-2022 11:47) Posted:
https://english.news.cn/20221214/ba4ad11822914268b32393113772edee/c.html
https://www.reuters.com/markets/companies/OCBC.SI/
https://www.reuters.com/markets/companies/DBSM.SI/
https://www.reuters.com/markets/companies/UOBH.SI/
the proxy of sg switzerland' s status
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but after china scrap its zero covid19, the situation will be a complete different situation
chartistkao1 ( Date: 15-Dec-2022 11:47) Posted:
https://english.news.cn/20221214/ba4ad11822914268b32393113772edee/c.html
https://www.reuters.com/markets/companies/OCBC.SI/
https://www.reuters.com/markets/companies/DBSM.SI/
https://www.reuters.com/markets/companies/UOBH.SI/
the proxy of sg switzerland' s status
chartistkao1 ( Date: 15-Dec-2022 09:27) Posted:
If Federal Reserve officials are having second thoughts about their anti-inflation fight, you sure couldn&rsquo t tell by Jerome Powell on Wednesday. The Fed Chairman donned his finest hawk feathers and said again and again at his press conference that the central bank hasn&rsquo t made enough progress getting prices under control and isn&rsquo t going to ease up until it does.
&ldquo We have more work to do.&rdquo
&ldquo Where we&rsquo re missing is on the inflation side. And we&rsquo re missing by a lot.&rdquo
&ldquo It will take substantially more evidence&rdquo for the Fed to conclude that inflation is falling enough to stop raising rates.
NEWSLETTER SIGN-UP
Morning Editorial Report
All the day' s Opinion headlines.
&ldquo We&rsquo ve made less progress than expected on inflation.&rdquo
Those were merely a few of Mr. Powell&rsquo s press-conference comments as reporters probed for signals that the Fed is concerned it may be raising interest rates too high, too fast. Mr. Powell really, really, really wants markets to believe there&rsquo s not an impostor behind that Paul Volcker mask.
The question is why he&rsquo s had to try so hard to persuade markets, which still aren&rsquo t buying in futures markets that the Fed will keep raising its fed funds rate above 5% in 2023. The central bank increased that benchmark rate to 4.25%-4.5% on Wednesday.
One reason for doubt may be that recent hints from other Fed officials have suggested there are worries on the Federal Open Market Committee over the pace of rate increases. But there were no signs of internal dissent on Wednesday as the FOMC policy statement was unanimous.
Another reason may be that Mr. Powell has sometimes been unclear himself in his press conferences about what the &ldquo neutral&rdquo rate of interest, or what the terminal rate for increases, will be. There were no self-contradictions this time.
The most important reason for market doubt is that Mr. Powell and the Fed are still rebuilding their credibility after the 2021 fiasco of claiming inflation would be &ldquo transitory.&rdquo The Fed stuck to that line for months even as prices rose, and the result has been the worst inflation in 40 years. Markets still may not be sure that Mr. Powell and the Fed won&rsquo t wilt under political pressure when the jobless rate begins to increase or there&rsquo s a financial scare bigger than the crypto meltdown.
The proof on that question will only come in the seeing. But meantime it&rsquo s worth recalling how far the Powell Fed has been forced to travel in its estimates for higher rates in a mere 12 months. Last December the median forecast by Fed officials for the fed funds rate in 2022 was 0.75%-1%. In March it was 1.75%-2%, then 3.25%-3.5% in June, 4.25%-4.5% in September, and now it&rsquo s 5%-5.25% for 2023. The trend underscores how badly the Fed misjudged inflation and the medicine required to break it.
The Fed is now admitting that Americans will pay a price in slower growth and higher joblessness because inflation took off, though it may still be underestimating that price. Its median forecast for economic growth for both this year and in 2023 is a mere 0.5%. But CEOs are nearly unanimous in anticipating a recession this year.
&ldquo I wish there were a completely painless way to restore price stability,&rdquo Mr. Powell said Wednesday. &ldquo There isn&rsquo t.&rdquo
He&rsquo s right and the honesty is welcome. But it&rsquo s all the more reason to regret the mistakes of easy money and fiscal profligacy that brought us to this unhappy pass.
Advertisement - Scroll to Continue
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https://english.news.cn/20221214/ba4ad11822914268b32393113772edee/c.html
https://www.reuters.com/markets/companies/OCBC.SI/
https://www.reuters.com/markets/companies/DBSM.SI/
https://www.reuters.com/markets/companies/UOBH.SI/
the proxy of sg switzerland' s status
chartistkao1 ( Date: 15-Dec-2022 09:27) Posted:
If Federal Reserve officials are having second thoughts about their anti-inflation fight, you sure couldn&rsquo t tell by Jerome Powell on Wednesday. The Fed Chairman donned his finest hawk feathers and said again and again at his press conference that the central bank hasn&rsquo t made enough progress getting prices under control and isn&rsquo t going to ease up until it does.
&ldquo We have more work to do.&rdquo
&ldquo Where we&rsquo re missing is on the inflation side. And we&rsquo re missing by a lot.&rdquo
&ldquo It will take substantially more evidence&rdquo for the Fed to conclude that inflation is falling enough to stop raising rates.
NEWSLETTER SIGN-UP
Morning Editorial Report
All the day' s Opinion headlines.
&ldquo We&rsquo ve made less progress than expected on inflation.&rdquo
Those were merely a few of Mr. Powell&rsquo s press-conference comments as reporters probed for signals that the Fed is concerned it may be raising interest rates too high, too fast. Mr. Powell really, really, really wants markets to believe there&rsquo s not an impostor behind that Paul Volcker mask.
The question is why he&rsquo s had to try so hard to persuade markets, which still aren&rsquo t buying in futures markets that the Fed will keep raising its fed funds rate above 5% in 2023. The central bank increased that benchmark rate to 4.25%-4.5% on Wednesday.
One reason for doubt may be that recent hints from other Fed officials have suggested there are worries on the Federal Open Market Committee over the pace of rate increases. But there were no signs of internal dissent on Wednesday as the FOMC policy statement was unanimous.
Another reason may be that Mr. Powell has sometimes been unclear himself in his press conferences about what the &ldquo neutral&rdquo rate of interest, or what the terminal rate for increases, will be. There were no self-contradictions this time.
The most important reason for market doubt is that Mr. Powell and the Fed are still rebuilding their credibility after the 2021 fiasco of claiming inflation would be &ldquo transitory.&rdquo The Fed stuck to that line for months even as prices rose, and the result has been the worst inflation in 40 years. Markets still may not be sure that Mr. Powell and the Fed won&rsquo t wilt under political pressure when the jobless rate begins to increase or there&rsquo s a financial scare bigger than the crypto meltdown.
The proof on that question will only come in the seeing. But meantime it&rsquo s worth recalling how far the Powell Fed has been forced to travel in its estimates for higher rates in a mere 12 months. Last December the median forecast by Fed officials for the fed funds rate in 2022 was 0.75%-1%. In March it was 1.75%-2%, then 3.25%-3.5% in June, 4.25%-4.5% in September, and now it&rsquo s 5%-5.25% for 2023. The trend underscores how badly the Fed misjudged inflation and the medicine required to break it.
The Fed is now admitting that Americans will pay a price in slower growth and higher joblessness because inflation took off, though it may still be underestimating that price. Its median forecast for economic growth for both this year and in 2023 is a mere 0.5%. But CEOs are nearly unanimous in anticipating a recession this year.
&ldquo I wish there were a completely painless way to restore price stability,&rdquo Mr. Powell said Wednesday. &ldquo There isn&rsquo t.&rdquo
He&rsquo s right and the honesty is welcome. But it&rsquo s all the more reason to regret the mistakes of easy money and fiscal profligacy that brought us to this unhappy pass.
Advertisement - Scroll to Continue
chartistkao1 ( Date: 15-Dec-2022 09:23) Posted:
will US benefit from another 1997' s Asian financial crisis after FED rapid rate hikes after 2022
WASHINGTON&mdash The Federal Reserve approved an interest-rate increase of 0.5 percentage point and signaled plans to lift rates through the spring, though likely in smaller increments, to combat high inflation.
The decision Wednesday marked a step down after four consecutive larger increases of 0.75 point and raised the benchmark federal-funds rate to a range between 4.25% and 4.5%, a 15-year high.
Markets retreated slightly after the announcement. The Dow Jones Industrial Average lost 142.29 points, or 0.4%, to 33966.35. The yield on the benchmark 10-year U.S. Treasury note edged up to 3.503% from its Tuesday level of 3.501%. Yields rise as prices fall.
The latest increase capped a year in which the Fed raised rates from near zero at the fastest pace since the early 1980s to fight inflation, which is running near a 40-year high.
Fed policy makers are entering a new phase of policy tightening in which they are trying to determine just how high to raise rates. Fed Chair Jerome Powell said in a news conference it was &ldquo broadly right&rdquo that slowing rate rises to more traditional quarter-percentage-point increments as soon as the Fed&rsquo s next meeting, Jan. 31-Feb. 1, would provide the best way to manage the risk of over-tightening.
&ldquo It makes a lot of sense, it seems to me&mdash particularly if you consider how far we&rsquo ve come,&rdquo Mr. Powell said. But he said twice that the Fed hadn&rsquo t made any decisions about upcoming meetings, and that the outcome would depend on the state of the economy and borrowing costs.
Rate increases work with what economists call long and variable lags, which means the central bankers may not know for a year or more if they have tightened too much or not enough.
In new economic projections released after the meeting, most Fed officials penciled in plans to raise the fed-funds rate to a peak level between 5% and 5.5% in 2023 and hold it there until some time in 2024. In September, they anticipated lifting the rate to around 4.6% by the end of next year.
After Wednesday&rsquo s press conference, investors in interest-rate futures markets expected the Fed to raise rates to a level just below 5% by March before pausing. Bond markets rallied when Mr. Powell hinted the Fed might raise rates by a smaller step of a quarter-point, or 25 basis points, in February, said Lee Ferridge, a senior economic strategist at State Street Global Markets.
&ldquo It&rsquo s like the new projections didn&rsquo t happen, quite honestly. And I&rsquo m surprised the market is shrugging it off so confidently,&rdquo said Mr. Ferridge. &ldquo The expectation is the economic data will be so poor&rdquo by the end of the first quarter &ldquo that the Fed will stop hiking.&rdquo
Federal-funds target rateSource: Federal ReserveNote: Chart shows midpoint of range since 2008.
December: Raised 0.5 point' 05' 10' 15' 201994' 95200001234567%
Mr. Ferridge said he wasn&rsquo t convinced the Fed would dial down the pace of rate rises again in February. &ldquo If the data comes in hot, then I think they could still go 50,&rdquo he said.
Fed rate increases this year have hit asset prices and are causing a significant slowdown in rate-sensitive sectors of the economy such as housing. But in recent weeks, longer-term bond yields have tumbled as investors anticipate a speedy decline in inflation, possibly due to a recession next year.
The fed-funds rate influences other borrowing costs throughout the economy, including rates on car loans, mortgages and business debt.
Fed officials say they combat inflation primarily by slowing the economy through tighter financial conditions&mdash such as higher borrowing costs, lower stock prices and a stronger dollar&mdash that curb demand. As a result, any easing of financial conditions while the Fed continues to battle inflation could raise the risk of a deeper or longer downturn if it prompts the central bank to keep lifting rates.
Mr. Powell suggested the Fed would raise rates to higher levels for longer if broader financial conditions don&rsquo t &ldquo reflect the policy restraint that we&rsquo re putting in place to bring inflation down.&rdquo
The projections released Wednesday showed considerable divergence over what might happen after next year. Around one third of officials expect to hold the fed-funds rate above 4.5% through 2024. Most officials anticipate cutting rates by around 1 percentage point in 2024.
Mr. Powell said no officials had projected rate cuts next year and that they weren&rsquo t likely to consider lowering interest rates until policy makers are confident inflation is moving down to the Fed&rsquo s 2% goal in a sustained fashion.
SHARE YOUR THOUGHTS
Is the Fed taking the right steps to combat inflation? Join the conversation below.
Data released since the Fed&rsquo s November meeting have provided a mixed picture of the economy. While domestic demand has slowed and the housing market is entering a sharp downturn, the job market has remained strong and declines in gas prices could help sustain consumer spending.
Inflation has also slowed in the past two months. Consumer prices climbed 0.1% in November from the previous month and 7.1% from a year earlier, the Labor Department said Tuesday, both down notably from comparable previous increases.
The Fed pays close attention to so-called core prices, which exclude volatile food and energy categories, as a better predictor of future inflation than overall inflation. Over the past three months, core prices increased at a 4.3% annualized rate, the lowest such reading in more than one year.
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If Federal Reserve officials are having second thoughts about their anti-inflation fight, you sure couldn&rsquo t tell by Jerome Powell on Wednesday. The Fed Chairman donned his finest hawk feathers and said again and again at his press conference that the central bank hasn&rsquo t made enough progress getting prices under control and isn&rsquo t going to ease up until it does.
&ldquo We have more work to do.&rdquo
&ldquo Where we&rsquo re missing is on the inflation side. And we&rsquo re missing by a lot.&rdquo
&ldquo It will take substantially more evidence&rdquo for the Fed to conclude that inflation is falling enough to stop raising rates.
NEWSLETTER SIGN-UP
Morning Editorial Report
All the day' s Opinion headlines.
&ldquo We&rsquo ve made less progress than expected on inflation.&rdquo
Those were merely a few of Mr. Powell&rsquo s press-conference comments as reporters probed for signals that the Fed is concerned it may be raising interest rates too high, too fast. Mr. Powell really, really, really wants markets to believe there&rsquo s not an impostor behind that Paul Volcker mask.
The question is why he&rsquo s had to try so hard to persuade markets, which still aren&rsquo t buying in futures markets that the Fed will keep raising its fed funds rate above 5% in 2023. The central bank increased that benchmark rate to 4.25%-4.5% on Wednesday.
One reason for doubt may be that recent hints from other Fed officials have suggested there are worries on the Federal Open Market Committee over the pace of rate increases. But there were no signs of internal dissent on Wednesday as the FOMC policy statement was unanimous.
Another reason may be that Mr. Powell has sometimes been unclear himself in his press conferences about what the &ldquo neutral&rdquo rate of interest, or what the terminal rate for increases, will be. There were no self-contradictions this time.
The most important reason for market doubt is that Mr. Powell and the Fed are still rebuilding their credibility after the 2021 fiasco of claiming inflation would be &ldquo transitory.&rdquo The Fed stuck to that line for months even as prices rose, and the result has been the worst inflation in 40 years. Markets still may not be sure that Mr. Powell and the Fed won&rsquo t wilt under political pressure when the jobless rate begins to increase or there&rsquo s a financial scare bigger than the crypto meltdown.
The proof on that question will only come in the seeing. But meantime it&rsquo s worth recalling how far the Powell Fed has been forced to travel in its estimates for higher rates in a mere 12 months. Last December the median forecast by Fed officials for the fed funds rate in 2022 was 0.75%-1%. In March it was 1.75%-2%, then 3.25%-3.5% in June, 4.25%-4.5% in September, and now it&rsquo s 5%-5.25% for 2023. The trend underscores how badly the Fed misjudged inflation and the medicine required to break it.
The Fed is now admitting that Americans will pay a price in slower growth and higher joblessness because inflation took off, though it may still be underestimating that price. Its median forecast for economic growth for both this year and in 2023 is a mere 0.5%. But CEOs are nearly unanimous in anticipating a recession this year.
&ldquo I wish there were a completely painless way to restore price stability,&rdquo Mr. Powell said Wednesday. &ldquo There isn&rsquo t.&rdquo
He&rsquo s right and the honesty is welcome. But it&rsquo s all the more reason to regret the mistakes of easy money and fiscal profligacy that brought us to this unhappy pass.
Advertisement - Scroll to Continue
chartistkao1 ( Date: 15-Dec-2022 09:23) Posted:
will US benefit from another 1997' s Asian financial crisis after FED rapid rate hikes after 2022
WASHINGTON&mdash The Federal Reserve approved an interest-rate increase of 0.5 percentage point and signaled plans to lift rates through the spring, though likely in smaller increments, to combat high inflation.
The decision Wednesday marked a step down after four consecutive larger increases of 0.75 point and raised the benchmark federal-funds rate to a range between 4.25% and 4.5%, a 15-year high.
Markets retreated slightly after the announcement. The Dow Jones Industrial Average lost 142.29 points, or 0.4%, to 33966.35. The yield on the benchmark 10-year U.S. Treasury note edged up to 3.503% from its Tuesday level of 3.501%. Yields rise as prices fall.
The latest increase capped a year in which the Fed raised rates from near zero at the fastest pace since the early 1980s to fight inflation, which is running near a 40-year high.
Fed policy makers are entering a new phase of policy tightening in which they are trying to determine just how high to raise rates. Fed Chair Jerome Powell said in a news conference it was &ldquo broadly right&rdquo that slowing rate rises to more traditional quarter-percentage-point increments as soon as the Fed&rsquo s next meeting, Jan. 31-Feb. 1, would provide the best way to manage the risk of over-tightening.
&ldquo It makes a lot of sense, it seems to me&mdash particularly if you consider how far we&rsquo ve come,&rdquo Mr. Powell said. But he said twice that the Fed hadn&rsquo t made any decisions about upcoming meetings, and that the outcome would depend on the state of the economy and borrowing costs.
Rate increases work with what economists call long and variable lags, which means the central bankers may not know for a year or more if they have tightened too much or not enough.
In new economic projections released after the meeting, most Fed officials penciled in plans to raise the fed-funds rate to a peak level between 5% and 5.5% in 2023 and hold it there until some time in 2024. In September, they anticipated lifting the rate to around 4.6% by the end of next year.
After Wednesday&rsquo s press conference, investors in interest-rate futures markets expected the Fed to raise rates to a level just below 5% by March before pausing. Bond markets rallied when Mr. Powell hinted the Fed might raise rates by a smaller step of a quarter-point, or 25 basis points, in February, said Lee Ferridge, a senior economic strategist at State Street Global Markets.
&ldquo It&rsquo s like the new projections didn&rsquo t happen, quite honestly. And I&rsquo m surprised the market is shrugging it off so confidently,&rdquo said Mr. Ferridge. &ldquo The expectation is the economic data will be so poor&rdquo by the end of the first quarter &ldquo that the Fed will stop hiking.&rdquo
Federal-funds target rateSource: Federal ReserveNote: Chart shows midpoint of range since 2008.
December: Raised 0.5 point' 05' 10' 15' 201994' 95200001234567%
Mr. Ferridge said he wasn&rsquo t convinced the Fed would dial down the pace of rate rises again in February. &ldquo If the data comes in hot, then I think they could still go 50,&rdquo he said.
Fed rate increases this year have hit asset prices and are causing a significant slowdown in rate-sensitive sectors of the economy such as housing. But in recent weeks, longer-term bond yields have tumbled as investors anticipate a speedy decline in inflation, possibly due to a recession next year.
The fed-funds rate influences other borrowing costs throughout the economy, including rates on car loans, mortgages and business debt.
Fed officials say they combat inflation primarily by slowing the economy through tighter financial conditions&mdash such as higher borrowing costs, lower stock prices and a stronger dollar&mdash that curb demand. As a result, any easing of financial conditions while the Fed continues to battle inflation could raise the risk of a deeper or longer downturn if it prompts the central bank to keep lifting rates.
Mr. Powell suggested the Fed would raise rates to higher levels for longer if broader financial conditions don&rsquo t &ldquo reflect the policy restraint that we&rsquo re putting in place to bring inflation down.&rdquo
The projections released Wednesday showed considerable divergence over what might happen after next year. Around one third of officials expect to hold the fed-funds rate above 4.5% through 2024. Most officials anticipate cutting rates by around 1 percentage point in 2024.
Mr. Powell said no officials had projected rate cuts next year and that they weren&rsquo t likely to consider lowering interest rates until policy makers are confident inflation is moving down to the Fed&rsquo s 2% goal in a sustained fashion.
SHARE YOUR THOUGHTS
Is the Fed taking the right steps to combat inflation? Join the conversation below.
Data released since the Fed&rsquo s November meeting have provided a mixed picture of the economy. While domestic demand has slowed and the housing market is entering a sharp downturn, the job market has remained strong and declines in gas prices could help sustain consumer spending.
Inflation has also slowed in the past two months. Consumer prices climbed 0.1% in November from the previous month and 7.1% from a year earlier, the Labor Department said Tuesday, both down notably from comparable previous increases.
The Fed pays close attention to so-called core prices, which exclude volatile food and energy categories, as a better predictor of future inflation than overall inflation. Over the past three months, core prices increased at a 4.3% annualized rate, the lowest such reading in more than one year.
chartistkao1 ( Date: 15-Dec-2022 09:14) Posted:
| https://sginvestors.io/sgx/stock/u11-uob/share-price-histor |
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will US benefit from another 1997' s Asian financial crisis after FED rapid rate hikes after 2022
WASHINGTON&mdash The Federal Reserve approved an interest-rate increase of 0.5 percentage point and signaled plans to lift rates through the spring, though likely in smaller increments, to combat
high inflation.
The decision Wednesday marked a step down
after four consecutive larger increases of 0.75 point and raised the benchmark federal-funds rate to a range between 4.25% and 4.5%, a 15-year high.
Markets retreated slightly after the announcement. The Dow Jones Industrial Average lost 142.29 points, or 0.4%, to 33966.35. The yield on the benchmark 10-year U.S. Treasury note edged up to 3.503% from its Tuesday level of 3.501%. Yields rise as prices fall.
The latest increase capped a year in which the Fed raised rates from near zero
at the fastest pace since the early 1980s to fight inflation, which is running near a 40-year high.
Fed policy makers are entering
a new phase of policy tightening in which they are trying to determine just how high to raise rates. Fed Chair Jerome Powell said in a news conference it was &ldquo broadly right&rdquo that slowing rate rises to more traditional quarter-percentage-point increments as soon as the Fed&rsquo s next meeting, Jan. 31-Feb. 1, would provide the best way to manage the risk of over-tightening.
&ldquo It makes a lot of sense, it seems to me&mdash particularly if you consider how far we&rsquo ve come,&rdquo Mr. Powell said. But he said twice that the Fed hadn&rsquo t made any decisions about upcoming meetings, and that the outcome would depend on the state of the economy and borrowing costs.
Rate increases work with what economists call long and variable lags, which means the central bankers may not know for a year or more
if they have tightened too much or not enough.
In new economic projections released after the meeting, most Fed officials
penciled in plans to raise the fed-funds rate to a peak level between 5% and 5.5% in 2023 and hold it there until some time in 2024. In September, they anticipated lifting the rate to around 4.6% by the end of next year.
After Wednesday&rsquo s press conference, investors in interest-rate futures markets expected the Fed to raise rates to a level just below 5% by March before pausing. Bond markets rallied when Mr. Powell hinted the Fed might raise rates by a smaller step of a quarter-point, or 25 basis points, in February, said Lee Ferridge, a senior economic strategist at State Street Global Markets.
&ldquo It&rsquo s like the new projections didn&rsquo t happen, quite honestly. And I&rsquo m surprised the market is shrugging it off so confidently,&rdquo said Mr. Ferridge. &ldquo The expectation is the economic data will be so poor&rdquo by the end of the first quarter &ldquo that the Fed will stop hiking.&rdquo
Federal-funds target rateSource: Federal ReserveNote: Chart shows midpoint of range since 2008.
December: Raised 0.5 point' 05' 10' 15' 201994' 95200001234567%
Mr. Ferridge said he wasn&rsquo t convinced the Fed would dial down the pace of rate rises again in February. &ldquo If the data comes in hot, then I think they could still go 50,&rdquo he said.
Fed rate increases this year have hit asset prices and are causing a significant slowdown in rate-sensitive sectors of the economy
such as housing. But in recent weeks,
longer-term bond yields have tumbled as
investors anticipate a speedy decline in inflation, possibly due to a recession next year.
The fed-funds rate
influences other borrowing costs throughout the economy, including rates on
car loans, mortgages and business debt.
Fed officials say they combat inflation primarily by slowing the economy through tighter financial conditions&mdash such as higher borrowing costs, lower stock prices and a stronger dollar&mdash that curb demand. As a result, any easing of financial conditions while the Fed continues to battle inflation could raise the risk of a deeper or longer downturn if it prompts the central bank to keep lifting rates.
Mr. Powell suggested the Fed would raise rates to higher levels for longer if broader financial conditions don&rsquo t &ldquo reflect the policy restraint that we&rsquo re putting in place to bring inflation down.&rdquo
The projections released Wednesday showed considerable divergence over what might happen after next year. Around one third of officials expect to hold the fed-funds rate above 4.5% through 2024. Most officials anticipate cutting rates by around 1 percentage point in 2024.
Mr. Powell said no officials had projected rate cuts next year and that they weren&rsquo t likely to consider lowering interest rates until policy makers are confident inflation is moving down to the Fed&rsquo s 2% goal in a sustained fashion.
SHARE YOUR THOUGHTS
Is the Fed taking the right steps to combat inflation? Join the conversation below.
Data released since the Fed&rsquo s November meeting have provided a mixed picture of the economy. While domestic demand has slowed and the housing market
is entering a sharp downturn, the job market
has remained strong and
declines in gas prices could help sustain consumer spending.
Inflation has also slowed in the past two months. Consumer prices
climbed 0.1% in November from the previous month and 7.1% from a year earlier, the Labor Department said Tuesday, both down notably from comparable previous increases.
The Fed pays close attention to so-called core prices, which exclude volatile food and energy categories, as a better predictor of future inflation than overall inflation. Over the past three months, core prices increased at a 4.3% annualized rate, the lowest such reading in more than one year.
chartistkao1 ( Date: 15-Dec-2022 09:14) Posted:
https://sginvestors.io/sgx/stock/u11-uob/share-price-history
chartistkao1 ( Date: 15-Dec-2022 09:09) Posted:
and its citbank acqusition in 2022
Founded by Sarawak-born Datuk Wee Kheng Chiang, UOB was incorporated on 6 August 1935 as the United Chinese Bank, catering mainly to the Hokkien community in its early years. It renamed itself to United Overseas Bank in 1965, and opened its first branch office in Hong Kong.
After it became publicly listed on the Joint Stock Exchange of Singapore and Malaysia in 1970, the bank went through a series of targeted acquisitions. The bank first acquired the controlling stake of Chung Khiaw Bank in 1971, which expanded its domestic presence and also gave the bank offices in Malaysia and Hong Kong. UOB then acquired Lee Wah Bank in 1973, Far Eastern Bank in 1984, as well as Westmont Bank (now known as UOB Philippines) and Radanasin Bank (now known as United Overseas Bank (Thai) Public Company Limited) in 1999.
At this point, UOB&rsquo s history must also include that of another major bank: the Overseas Union Bank Limited (OUB).
OUB was the first new bank to be opened in post-World War II Singapore on 5 February 1949. It was set up by local entrepreneur George Lien Ying Chow, who had previously formed the Overseas China Union Bank (OCUB) in Chongqing when he had escaped Singapore during the Japanese Occupation. The OCUB ceased operations after the war, however, due to the unstable political climate and high inflation in China, and Lien returned to Singapore to start up a new bank.
Despite starting out with only a small capital of $2 million and 27 employees, OUB went from strength to strength and reached an impressive S$300 million in deposits, and has 32 branches in Singapore in 1968. In 1973, OUB became the first Singapore bank to establish its branch in New York. By the 1990s, OUB was the fastest growing bank in Singapore and had become the fourth largest bank in Southeast Asia (behind the Big Three). In 2000, OUB achieved a record S$545 million profit.
Fun Fact:
After call for consolidation in the early 2000s, OUB being the smallest of the local " Big Four' " , it was a prime target for acquisition. It was first bid by French Bank, BNP Paribas in Mid 2001 which failed and speculation increased that OUB would become a target for one of the three other local banks, or merge with a local bank.
In June 2001, OUB nearly become DBS when DBS made a hostile takeover of $9.4 billion back in June 2001. This drew a competing bid of $10 billion from UOB which was seen as a friendly one, gaining the support of the OUB board and management, as well as the backing of founder, Lien.
https://www.smart-towkay.com/blog/view/280-the-history-of-banking-in-singapore
https://www.channelnewsasia.com/business/uob-buy-citigroup-consumer-businesses-4-countries-2434911
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https://sginvestors.io/sgx/stock/u11-uob/share-price-history
chartistkao1 ( Date: 15-Dec-2022 09:09) Posted:
and its citbank acqusition in 2022
Founded by Sarawak-born Datuk Wee Kheng Chiang, UOB was incorporated on 6 August 1935 as the United Chinese Bank, catering mainly to the Hokkien community in its early years. It renamed itself to United Overseas Bank in 1965, and opened its first branch office in Hong Kong.
After it became publicly listed on the Joint Stock Exchange of Singapore and Malaysia in 1970, the bank went through a series of targeted acquisitions. The bank first acquired the controlling stake of Chung Khiaw Bank in 1971, which expanded its domestic presence and also gave the bank offices in Malaysia and Hong Kong. UOB then acquired Lee Wah Bank in 1973, Far Eastern Bank in 1984, as well as Westmont Bank (now known as UOB Philippines) and Radanasin Bank (now known as United Overseas Bank (Thai) Public Company Limited) in 1999.
At this point, UOB&rsquo s history must also include that of another major bank: the Overseas Union Bank Limited (OUB).
OUB was the first new bank to be opened in post-World War II Singapore on 5 February 1949. It was set up by local entrepreneur George Lien Ying Chow, who had previously formed the Overseas China Union Bank (OCUB) in Chongqing when he had escaped Singapore during the Japanese Occupation. The OCUB ceased operations after the war, however, due to the unstable political climate and high inflation in China, and Lien returned to Singapore to start up a new bank.
Despite starting out with only a small capital of $2 million and 27 employees, OUB went from strength to strength and reached an impressive S$300 million in deposits, and has 32 branches in Singapore in 1968. In 1973, OUB became the first Singapore bank to establish its branch in New York. By the 1990s, OUB was the fastest growing bank in Singapore and had become the fourth largest bank in Southeast Asia (behind the Big Three). In 2000, OUB achieved a record S$545 million profit.
Fun Fact:
After call for consolidation in the early 2000s, OUB being the smallest of the local " Big Four' " , it was a prime target for acquisition. It was first bid by French Bank, BNP Paribas in Mid 2001 which failed and speculation increased that OUB would become a target for one of the three other local banks, or merge with a local bank.
In June 2001, OUB nearly become DBS when DBS made a hostile takeover of $9.4 billion back in June 2001. This drew a competing bid of $10 billion from UOB which was seen as a friendly one, gaining the support of the OUB board and management, as well as the backing of founder, Lien.
https://www.smart-towkay.com/blog/view/280-the-history-of-banking-in-singapore
https://www.channelnewsasia.com/business/uob-buy-citigroup-consumer-businesses-4-countries-2434911
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and its citbank acqusition in 2022
Founded by Sarawak-born Datuk Wee Kheng Chiang, UOB was incorporated on 6 August 1935 as the United Chinese Bank, catering mainly to the Hokkien community in its early years. It renamed itself to United Overseas Bank in 1965, and opened its first branch office in Hong Kong.
After it became publicly listed on the Joint Stock Exchange of Singapore and Malaysia in 1970, the bank went through a series of targeted acquisitions. The bank first acquired the controlling stake of Chung Khiaw Bank in 1971, which expanded its domestic presence and also gave the bank offices in Malaysia and Hong Kong. UOB then acquired Lee Wah Bank in 1973, Far Eastern Bank in 1984, as well as Westmont Bank (now known as UOB Philippines) and Radanasin Bank (now known as United Overseas Bank (Thai) Public Company Limited) in 1999.
At this point, UOB&rsquo s history must also include that of another major bank: the Overseas Union Bank Limited (OUB).
OUB was the first new bank to be opened in post-World War II Singapore on 5 February 1949. It was set up by local entrepreneur George Lien Ying Chow, who had previously formed the Overseas China Union Bank (OCUB) in Chongqing when he had escaped Singapore during the Japanese Occupation. The OCUB ceased operations after the war, however, due to the unstable political climate and high inflation in China, and Lien returned to Singapore to start up a new bank.
Despite starting out with only a small capital of $2 million and 27 employees, OUB went from strength to strength and reached an impressive S$300 million in deposits, and has 32 branches in Singapore in 1968. In 1973, OUB became the first Singapore bank to establish its branch in New York. By the 1990s, OUB was the fastest growing bank in Singapore and had become the fourth largest bank in Southeast Asia (behind the Big Three). In 2000, OUB achieved a record S$545 million profit.
Fun Fact:
After call for consolidation in the early 2000s, OUB being the smallest of the local " Big Four' " , it was a prime target for acquisition. It was first bid by French Bank, BNP Paribas in Mid 2001 which failed and speculation increased that OUB would become a target for one of the three other local banks, or merge with a local bank.
In June 2001, OUB nearly become DBS when DBS made a hostile takeover of $9.4 billion back in June 2001. This drew a competing bid of $10 billion from UOB which was seen as a friendly one, gaining the support of the OUB board and management, as well as the backing of founder, Lien.
https://www.smart-towkay.com/blog/view/280-the-history-of-banking-in-singapore
https://www.channelnewsasia.com/business/uob-buy-citigroup-consumer-businesses-4-countries-2434911
uob selldown on 14/7/2022 in repsonse to dow and nasdaq fall after Powell 0.5% rate hikes
https://sg.finance.yahoo.com/quote/U11.SI/
United Overseas Bank Limited (U11.SI)
SES - SES Delayed Price. Currency in SGD
30.91-0.34 (-1.09%)
As of 14 December 05:15PM SGT. Market open.
Full screen
| Previous close |
31.25 |
| Open |
31.25 |
| Bid |
30.70 x 0 |
| Ask |
30.70 x 0 |
| Day' s range |
30.78 - 31.34 |
| 52-week range |
25.91 - 33.33 |
| Volume |
5,676,000 |
| Avg. volume |
3,086,895 |
| Market cap |
51.762B |
| Beta (5Y monthly) |
0.93 |
| PE ratio (TTM) |
12.93 |
| EPS (TTM) |
2.39 |
| Earnings date |
29 Jul 2022 |
| Forward dividend & yield |
1.20 (3.84%) |
| Ex-dividend date |
08 Aug 2022 |
| 1y target est |
33.09 |
chartistkao1 ( Date: 14-Dec-2022 14:51) Posted:
the speculators bet on penny stocks and the very rich bet on sg banks,the asia of switzerland
https://zhuanlan.zhihu.com/p/342673347
chartistkao1 ( Date: 14-Dec-2022 14:49) Posted:
| nov 2017 uob share price
https://huddlestonjones.com/2017/11/02/uob-nominates-wong-kan-seng-to-succeed-hsieh-fu-hua-as-chairman/
https://sg.finance.yahoo.com/quote/U11.SI/history?period1=946857600& period2=1670976000& interval=1mo& filter=history& frequency=1mo& includeAdjustedClose=true
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the speculators bet on penny stocks and the very rich bet on sg banks,the asia of switzerland
https://zhuanlan.zhihu.com/p/342673347
chartistkao1 ( Date: 14-Dec-2022 14:49) Posted:
| nov 2017 uob share price
https://huddlestonjones.com/2017/11/02/uob-nominates-wong-kan-seng-to-succeed-hsieh-fu-hua-as-chairman/
https://sg.finance.yahoo.com/quote/U11.SI/history?period1=946857600& period2=1670976000& interval=1mo& filter=history& frequency=1mo& includeAdjustedClose=true
chartistkao1 ( Date: 14-Dec-2022 14:34) Posted:
| uob' s share from aug 2017 $24.4 into 2022 oct $29.9 only up 22%
https://sg.finance.yahoo.com/quote/U11.SI/chart?p=U11.SI
https://www.straitstimes.com/business/banking/ex-dpm-wong-kan-seng-appointed-to-uob-board
https://www.bloomberg.com/quote/UOB:SP
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nov 2017 uob share price
https://huddlestonjones.com/2017/11/02/uob-nominates-wong-kan-seng-to-succeed-hsieh-fu-hua-as-chairman/
https://sg.finance.yahoo.com/quote/U11.SI/history?period1=946857600& period2=1670976000& interval=1mo& filter=history& frequency=1mo& includeAdjustedClose=true
chartistkao1 ( Date: 14-Dec-2022 14:34) Posted:
| uob' s share from aug 2017 $24.4 into 2022 oct $29.9 only up 22%
https://sg.finance.yahoo.com/quote/U11.SI/chart?p=U11.SI
https://www.straitstimes.com/business/banking/ex-dpm-wong-kan-seng-appointed-to-uob-board
https://www.bloomberg.com/quote/UOB:SP
chartistkao1 ( Date: 13-Dec-2022 15:42) Posted:
https://hk.finance.yahoo.com/news/%E8%AA%BF%E6%9F%A5-%E6%9C%83%E8%A8%88%E9%87%91%E8%9E%8D%E6%A5%AD%E7%95%8C%E6%96%99%E6%98%8E%E5%B9%B4%E9%A6%99%E6%B8%AF%E7%B6%93%E6%BF%9F%E5%8F%8D%E5%BD%88-%E6%A8%93%E5%83%B9%E5%89%87%E7%BA%8C%E8%B7%8C-050110662.html
https://www.youtube.com/watch?v=gLm1v2YOKVw
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uob' s share from aug 2017 $24.4 into 2022 oct $29.9 only up 22%
https://sg.finance.yahoo.com/quote/U11.SI/chart?p=U11.SI
https://www.straitstimes.com/business/banking/ex-dpm-wong-kan-seng-appointed-to-uob-board
https://www.bloomberg.com/quote/UOB:SP
chartistkao1 ( Date: 13-Dec-2022 15:42) Posted:
https://hk.finance.yahoo.com/news/%E8%AA%BF%E6%9F%A5-%E6%9C%83%E8%A8%88%E9%87%91%E8%9E%8D%E6%A5%AD%E7%95%8C%E6%96%99%E6%98%8E%E5%B9%B4%E9%A6%99%E6%B8%AF%E7%B6%93%E6%BF%9F%E5%8F%8D%E5%BD%88-%E6%A8%93%E5%83%B9%E5%89%87%E7%BA%8C%E8%B7%8C-050110662.html
https://www.youtube.com/watch?v=gLm1v2YOKVw
chartistkao1 ( Date: 12-Dec-2022 11:14) Posted:
https://www.taipeitimes.com/News/biz/archives/2022/12/12/2003790554
https://www.blackrock.com/au/individual/macro/meet-the-strategist-ben-powell
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https://hk.finance.yahoo.com/news/%E8%AA%BF%E6%9F%A5-%E6%9C%83%E8%A8%88%E9%87%91%E8%9E%8D%E6%A5%AD%E7%95%8C%E6%96%99%E6%98%8E%E5%B9%B4%E9%A6%99%E6%B8%AF%E7%B6%93%E6%BF%9F%E5%8F%8D%E5%BD%88-%E6%A8%93%E5%83%B9%E5%89%87%E7%BA%8C%E8%B7%8C-050110662.html
https://www.youtube.com/watch?v=gLm1v2YOKVw
chartistkao1 ( Date: 12-Dec-2022 11:14) Posted:
https://www.taipeitimes.com/News/biz/archives/2022/12/12/2003790554
https://www.blackrock.com/au/individual/macro/meet-the-strategist-ben-powell
chartistkao1 ( Date: 08-Dec-2022 11:54) Posted:
| https://simplywall.st/stocks/sg/banks/sgx-u11/united-overseas-bank-shares/news/one-united-overseas-bank-limited-sgxu11-insider-upped-thei |
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https://www.taipeitimes.com/News/biz/archives/2022/12/12/2003790554
https://www.blackrock.com/au/individual/macro/meet-the-strategist-ben-powell
chartistkao1 ( Date: 08-Dec-2022 11:54) Posted:
https://simplywall.st/stocks/sg/banks/sgx-u11/united-overseas-bank-shares/news/one-united-overseas-bank-limited-sgxu11-insider-upped-their
chartistkao1 ( Date: 08-Dec-2022 10:32) Posted:
a aggressive US rate hikes envornomet created a very unceratin 2022 and give rise to
https://www.straitstimes.com/business/softbank-founder-quietly-lifts-stake-to-34-edging-toward-buyout?dicbo=v2-0d826defa97542388e6cb315203eeb8 |
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https://simplywall.st/stocks/sg/banks/sgx-u11/united-overseas-bank-shares/news/one-united-overseas-bank-limited-sgxu11-insider-upped-their
chartistkao1 ( Date: 08-Dec-2022 10:32) Posted:
a aggressive US rate hikes envornomet created a very unceratin 2022 and give rise to
https://www.straitstimes.com/business/softbank-founder-quietly-lifts-stake-to-34-edging-toward-buyout?dicbo=v2-0d826defa97542388e6cb315203eeb8e
chartistkao1 ( Date: 08-Dec-2022 10:28) Posted:
| https://www.businesstimes.com.sg/international/swiss-national-day-2020/swiss-central-banks-only-overseas-branch-office-singapor |
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a aggressive US rate hikes envornomet created a very unceratin 2022 and give rise to
https://www.straitstimes.com/business/softbank-founder-quietly-lifts-stake-to-34-edging-toward-buyout?dicbo=v2-0d826defa97542388e6cb315203eeb8e
chartistkao1 ( Date: 08-Dec-2022 10:28) Posted:
https://www.businesstimes.com.sg/international/swiss-national-day-2020/swiss-central-banks-only-overseas-branch-office-singapore
chartistkao1 ( Date: 08-Dec-2022 10:17) Posted:
| https://www.euromoney.com/article/b1cy0djccww4m0/private-banking-across-the-decade |
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https://www.businesstimes.com.sg/international/swiss-national-day-2020/swiss-central-banks-only-overseas-branch-office-singapore
chartistkao1 ( Date: 08-Dec-2022 10:17) Posted:
https://www.euromoney.com/article/b1cy0djccww4m0/private-banking-across-the-decades
chartistkao1 ( Date: 08-Dec-2022 10:14) Posted:
| https://www.newyorker.com/magazine/2016/05/30/herve-falcianis-great-swiss-bank-heis |
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https://www.euromoney.com/article/b1cy0djccww4m0/private-banking-across-the-decades
chartistkao1 ( Date: 08-Dec-2022 10:14) Posted:
https://www.newyorker.com/magazine/2016/05/30/herve-falcianis-great-swiss-bank-heist
chartistkao1 ( Date: 08-Dec-2022 10:03) Posted:
| https://www.business-standard.com/podcast/finance/what-are-swiss-banks-and-how-do-they-work-122042100028_1.htm |
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https://www.newyorker.com/magazine/2016/05/30/herve-falcianis-great-swiss-bank-heist
chartistkao1 ( Date: 08-Dec-2022 10:03) Posted:
https://www.business-standard.com/podcast/finance/what-are-swiss-banks-and-how-do-they-work-122042100028_1.html
chartistkao1 ( Date: 08-Dec-2022 10:00) Posted:
will sg become the " swiss bank" of rich asia in next 5 years?
https://www.livemint.com/Politics/novevubtiXoiKubIr0U6SM/The-secret-history-of-Swiss-bank-accounts.htm |
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https://www.business-standard.com/podcast/finance/what-are-swiss-banks-and-how-do-they-work-122042100028_1.html
chartistkao1 ( Date: 08-Dec-2022 10:00) Posted:
will sg become the " swiss bank" of rich asia in next 5 years?
https://www.livemint.com/Politics/novevubtiXoiKubIr0U6SM/The-secret-history-of-Swiss-bank-accounts.html
chartistkao1 ( Date: 08-Dec-2022 09:54) Posted:
can CS be saved?
https://www.google.com/finance/quote/CSGN:SWX?sa=X& ved=2ahUKEwiquODU9Oj7AhUT63MBHd_oDYsQ3ecFegQILRA |
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Fed Begins Slower Pace of Rate Hikes Is a Soft Landing Possible?
Fed policy makers are entering a new phase of policy tightening in which they are trying to determine just how high to raise rates. Fed Chair Jerome Powell said in a news conference it was &ldquo broadly right&rdquo that slowing rate rises to more traditional quarter-percentage-point increments as soon as the Fed&rsquo s next meeting, Jan. 31-Feb. 1, would provide the best way to manage the risk of over-tightening.