Wolf Money(world market review 14-20 Aug 2023)
Andrew Gn: Fashioning Singapore and The World Exhibition from 27 May to 17 Sept 2023 Dress worn by Lily Collins in the Netflix Drama, Emily in Paris Donation by Andrew Gn Collection of Asian Civilisation Museum Market Summary 14-20 Aug 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - Conference Board said its Leading Economic Index fell 0.4% in Jul after declining 0.7% in Jun, down for 16th straight mth - Fed remains concerned over unacceptably high inflation, signals potential more rate hikes to cool inflation: FOMC minutes - US expects to pay record amount of interest from US$475bn in fiscal year 2022 to US$1.4 trillion in 2032 on its national debt - US top banks like JP Morgan n BofA could be hit with rating cuts due to industry’s deteriorating health: Fitch - US average rate for 30-year fixed mortgage now at its highest level in >20 years at 7.09% + USD set for 5th straight week of gains in longest winning streak for 15 mths + SEC set to adopt transparency rules for the US$20 trillion pri