THE United States’ Federal Reserve’s <a href="/government-economy/federal-reserve-rolls-out-biggest-rate-hike-since-1994-flags-slowing-us-economy" target="_blank">historic rate hike</a> will dampen growth in Singapore and Asean, while the higher interest rates will put pressure on households with mortgages and businesses looking to borrow.
READ SOURCE
Singapore households, businesses to brace for interest rate ‘shock’; Fed hike to slow Asean recovery: Economists
