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Anonymous
Previously Fed Funds Rate in 2018 rose up to 2.4% but singapore home loan interest rate averaging around 2%.
But now it increased to 1.5% but you start to see banks increasing it to 3%.
https://www.macrotrends.net/2015/fed-funds-rate...
What's the difference?
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Difference is feds already make it clear that their target is 3.25 - 3.5% by year end, and with the super inflation going on and steady unemployment rate, the rate hikes is almost definite.