I’d go with D. The US$5,000 pr

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I’d go with D. The US$5,000 proposal is still uncertain, so I wouldn’t price in a major Singapore market impact yet. If it does happen, the first-order effect would likely be stronger consumer spending, but for S-REITs and banks, the bigger driver remains the path of U.S. inflation and interest rates. 👀🇸🇬

# Inflation Cools but Fed Hawks Divided — July on Hold; Will September Bring a Rate Hike?

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