From historic power struggles in Washington to record-breaking contract wins in Singapore, this week’s landscape was defined by high-risk transitions and structural developments. The US Federal Reserve kept rates steady, yet the decision was overshadowed by the heaviest internal dissent since 1992 and Jerome Powell’s strategic move to remain on the board. back home, Boustead Singapore (SGX:F9D) wins record S$400 million contract Nanofilm Technologies International (SGX:MZH) shares surged 40% on strong margin recovery. Meanwhile, one of Singapore’s largest REITs Unveiled a S$160 million “green” revamp of Plaza Singapura.
Fed keeps rates on hold amid historic dissent as Powell vows to stay
US Federal Reserve kept interest rates at 3.5% to 3.75%, but the 8-4 vote saw the most dissent since 1992. Three officials objected to signs of future rate cuts, while a fourth, Stephen Miron, voted in favor of an immediate quarter-point cut. Adding to the drama, outgoing Chairman Jerome Powell announced that he will remain on the Board of Governors after May 15…
