$UNITED OVERSEAS BANK LIMITED(U11.SI)$
Bullish on UOB Bank due to the follow
The Fed held interest rates steady at its December meeting, keeping the target range for the federal funds rate at 5.25% to 5.50%. This was the fourth consecutive meeting where rates remained unchanged.
This pause follows a period of aggressive rate hikes throughout 2023, aimed at curbing high inflation. The Fed raised rates by a total of seven times this year, with the last increase occurring in July.
As interest rate stabilize meaning most of the corporate businesses willing to invest and R&D new product. This will increase demand on borrowing. @TigerEvents @TigerStars @MillionaireTiger
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