DBS Group Holdings Ltd

D05: XSES (SGP)
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Raising Singapore Banks' Fair Values by 3%-6% as Shift in US Fed Stance May Help Maintain Margins

Comments Thursday from regional Federal Reserve Bank presidents and policy board members suggest the Fed may be more likely to hold than to cut US interest rates. One to two rate cuts are now implied by Fed funds futures prices, versus two to three cuts a month ago.

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