The US Federal Reserve has reiterated their stance to keep rates high until inflation retreats to around 2% on an annual basis, rather than risk cutting too early and fuelling another round of price spikes.  As such, the progress to getting to a rate cut sooner has stalled. Despite a flurry of interest rate hikes, […]

source: https://thefinance.sg/2024/05/14/cash-management-update-may-2024-interest-rates-maintained-at-22-year-high-whats-your-next-best-move/