The U.S. central bank is almost certain to leave its benchmark interest rate unchanged, but the focus will be about what Fed officials say about lowering rates. Recent hotter-than-expected consumer and producer price inflation readings have reduced optimism about the likelihood of the Fed's first-rate cut coming in June.
At closing bell, the Straits Times Index (STI) index edged up 1.62 points, or 0.05% to 3,173.55 after trading between 3,165.44 and 3,179.49. Volume of 1.71 billion shares worth S$966.48 million changed hands. Across the broader market, decliners outpaced advancers 275 to 227.
Singapore Post closed 6.6% higher at 40.5 cents, after it announced the completion of a strategic review that aims to unlock value.
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