1B 2B 3B, My plan is to gradually accumulate high-quality S-REITs and bank stocks since the 25bp hike is already 90% priced in. However, if Warsh frames inflation as broad-based pressure rather than an oil supply shock, signaling a higher terminal rate, I will hold off buying and keep capital in USD cash yields instead.
At 2:00am SGT tonight, the US Federal Reserve is expected to raise interest rates for the first time in three years by 25 bp, to the 3.75%–4.00% range.For the past two years, the question was “when do...


