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Inflation Shocks Rip Through Markets Before Key Fed Meeting

  • Singapore surprises with tighter policy; Aussie core CPI jumps
  • Traders bracing for Fed policy decision on Wednesday
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WATH: Singapore’s Monetary Authority announced it would further tighten policy in a surprise move. Enda Curran reports.Source: Bloomberg
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Global traders already on tenterhooks over this week’s key Federal Reserve meeting were jolted further Tuesday by Australian inflation data that smashed expectations, a surprise monetary tightening in Singapore and further swings in U.S. equity futures.