The Federal Reserve (Fed) recently reduced its benchmark interest rate by 25 basis points, bringing it to a range of 4.25% to 4.5%. Investing This move has significant implications not only for the U.S. economy but also for global financial markets, including Singapore. Singapore's Monetary Policy Framework Unlike many countries that utilize interest rates as a primary monetary policy tool, Singapore's central bank, the Monetary Authority of Singapore (MAS), employs exchange rate targeting. MAS manages the Singapore dollar against a basket of currencies,...