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The Week In Numbers: A Rate Hike On Its Way?

The board of the Baltic Exchange has unanimously recommended that shareholders vote in favour the proposed acquisition by Singapore Exchange (SGX: S68). The £87 million deal, which is subject to regulatory approval, is expected to be completed by the end of November.

Traders now think that there is 53.5% chance of a rate hike by the US Fed this year. The change in sentiment followed comments from Federal Reserve vice-chairman Stanley Fischer, and Fed officials William Dudley and John Williams. But everything hinges on Janet Yellen’s address at the Jackson Hole symposium.

Consumer prices have fallen for 21 straight months in Singapore. But economists are reluctant to describe it as a deflationary spiral. They claim that core inflation, which excludes volatile components such as cost of accommodation and car prices, is still positive.

There is good news for homeowners as Sibor rates fell to a three-month low. The attractiveness of the Singapore dollar has prompted the authorities to cut the key three-month Singapore interbank offered rate to 0.87192%.

Apple has rushed out a software patch that aims to beef up security for its iPhones. It was reported that 3 flaws have been discovered in Apple’s iOS software. Apparently, hackers can read text messages and emails, and track calls and contacts. The hacking software can even record sounds, collect passwords and trace the whereabouts of the phone user.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Singapore Exchange. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.