SINGAPORE (Oct 4): At its last meeting in September, the US Federal Reserve hiked rates by 25bps and warned rate increases are likely to persist well into next year.

With US headline inflation hovering above 2.5%, unemployment rate at below 4% and oil prices creeping up, the Fed has sufficient reasons to take its funds rate higher to fend off overheating risks.

This means USD rates are poised to drift higher, as...(click on link for full story on theedgesingapore.com)