Video description from @notgpodcast
Join us on this episode of "NOTG (Nuggets On The Go)" by PropertyLimBrothers as we delve into why the US Federal Reserve's funds rate is a critical benchmark in global finance. Learn about the dominance of the US dollar as the world's primary reserve currency and how it necessitates other countries, including Singapore, to closely monitor and often align their monetary policies accordingly. We’ll discuss the cascading effects of Fed rate hikes on mortgage rates, exchange rates, and international trade relations. This episode will also cover the changes seen since 2022, detailing how successive Fed rate increases have impacted not just the US economy, but financial conditions around the world, leading to shifts in mortgage rates away from the lows previously enjoyed.
