Interest rates

While You Were Sleeping: 5 stories you might have missed, May 23, 2026

Director of national intelligence Tulsi Gabbard told US President Donald Trump she was stepping away from her role as her husband was suffering from a rare form of bone cancer.

US Fed chair Kevin Warsh says will be ‘reform-oriented’ at glitzy White House swearing-in

US President Donald Trump (right) shaking hands with Mr Kevin Warsh during the swearing-in of Mr Warsh as the new chairman of the Federal Reserve on May 22 at the White House.

News analysis

Thousands of kilometres from Iran war, Asia’s currencies feel the strain

Weaker currencies are pushing up prices for essentials like rice sold in Philippine public markets.

US Fed minutes show more policymakers open to a rate hike

A majority of Fed policymakers at their April 28-29 meeting felt “some policy firming would likely become appropriate” if inflation stays persistently above the central bank’s 2 per cent target.

A US inflation fear indicator just hit its highest since 2007

The 30-year yield rose as much as seven basis points to 5.20 per cent on May 19, a level last seen on the eve of the 2007 global financial crisis.

Kevin Warsh confirmed as Fed chair as central bank faces Trump assault

Mr Kevin Warsh being sworn in at his Senate nomination hearing in April 2026.

Most S’pore home owners still prefer fixed home loans despite lower floating rates

Fixed home loan rates are now edging towards 2 per cent, but remain far from the peak of 4.5 per cent reached in late 2022.

Powell decides to stay on Fed board, igniting new Trump insult

Mr Powell said that while his term was ending May 15, he would exercise his right to remain on the board “for a period of time to be determined.”

US Fed holds interest rates steady amid sharp divide over policy easing bias

In a shift from previous language, the Fed noted rising concerns about inflation, due in part to the recent rise in energy prices.

US Treasury’s Bessent says core inflation is going down, Fed will need to cut rates

US Treasury Secretary Scott Bessent downplayed the impact of the Iran war on core inflation, which he said was under control and dropping in many categories.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.