Singapore Dollar Consolidates Ahead of FOMC Decision -- Market Talk
Dow Jones10:24
0224 GMT - The Singapore dollar consolidates against its U.S. counterpart ahead of the FOMC decision later today. The U.S. central bank is widely expected to leave rates unchanged. "The Fed is confronting a less resilient U.S. economy," DBS Group's Philip Wee says in commentary, pointing to recent U.S. data, such as 4Q GDP growth being revised downward. "The FOMC may consider the energy price spikes driven by the Iran War more as a consumer tax despite the risks to inflation," Wee adds. The U.S. dollar is little changed at 1.2766 Singapore dollar, FactSet data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 17, 2026 22:24 ET (02:24 GMT)
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