0408 GMT - USD/SGD is steady in the afternoon Asian session, supported by hotter-than-expected U.S. CPI data released overnight. This data raises some questions about consumer prices moving toward the Fed's 2% inflation target, Maybank analysts say in an FX Research & Strategy note. Any "stickiness" in future inflation readings could suggest that consumer-price growth is stabilizing around 3%, the analysts say. Should inflation indeed become "stickier" than anticipated, the U.S. soft-landing narrative would likely be under threat, the analysts add. USD/SGD is little changed at 1.3322. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 13, 2024 00:08 ET (04:08 GMT)
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