Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025)

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The Impact of the Fed’s Interest Rate Cut on Singapore’s Economy

Authors
Xianzhe Lin1, *
1Singapore Institute of Management, 461 Clementi Rd, Singapore, 599491, Singapore
*Corresponding author. Email: xlin055@mymail.sim.edu.sg
Corresponding Author
Xianzhe Lin
Available Online 3 July 2025.
DOI
10.2991/978-94-6463-748-9_115How to use a DOI?
Keywords
Federal Reserve; Singapore Economy; Federal Funds Rate
Abstract

The Federal Reserve Board of the United States declared on September 18, 2024, that this paper would reduce the federal funds rate’s target range by 50 basis points. This decision has a significant impact and has attracted global attention. This paper makes regression analysis and trend analysis on the period data by using R language and investigates the influence of the interest rate cut by the Federal Reserve on the exchange rate between Singapore and the US dollar, the total import value and the average overnight rate. The results show that Singapore’s total imports and average overnight rate are significantly affected by the federal funds rate, but there is no obvious relationship between the federal funds rate and the exchange rates of US dollars and Singapore dollars.By examining the findings of earlier research, this paper discovered that exchange rate fluctuations can be influenced by a variety of factors, including global capital flows and Singapore’s economic conditions, in addition to shifts in the federal funds rate.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
3 July 2025
ISBN
978-94-6463-748-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-748-9_115How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xianzhe Lin
PY  - 2025
DA  - 2025/07/03
TI  - The Impact of the Fed’s Interest Rate Cut on Singapore’s Economy
BT  - Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025)
PB  - Atlantis Press
SP  - 1066
EP  - 1075
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-748-9_115
DO  - 10.2991/978-94-6463-748-9_115
ID  - Lin2025
ER  -