Investors cautioned against Fed’s decision to raise interest rates: broker

This as Fed’s reported to raise interest rates by 75 basis points (bps).

Global online broker, TD Ameritrade, said investors should maintain a diversified portfolio to ensure that they could mitigate short-term market volatility.

TD Ameritrade Singapore CEO Greg Baker’s comments stemmed from Fed’s announcement to increase interest rates by 75bps, with the recent US consumer price index data increasing 0.1% from July.

“The recent US consumer price index data, which rose 0.1% from July and 8.3% from last year, has indicated that inflation is not yet under control,” Baker told the media.

With this, markets are now expecting the Fed to continue the monetary policy until year-end.

Aside from this, Baker said Europe’s energy crisis and heightened global political unrest might put “global economy at risk of recession within the next year.”

“Investors should keep their sights on the long-term and maintain a diversified portfolio that can weather the short-term volatility in the current market,” Baker said.

Follow the link for more news on

TD Ameritrade Singapore Pte. Ltd

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia