The price index for personal consumption expenditure, a preferred inflation gauge by the Fed, increased 1.8 percent in February, higher than the 1.7 percent growth in January.
The proposed tariff list is based on a so-called Section 301 investigation into alleged Chinese intellectual property and technology transfer practices, launched by the Trump administration in August 2017.
Besides these tariffs, the US also plans to impose new investment restrictions, take action against China at the World Trade Organization and the Treasury Department also will propose additional measures.
BMI Research believes that Singapore household spending will rise in the next few years on the back of the increasing proportion of non-essential expenses such as leisure and recreation costs.
Analysts at UOB KayHian projects Singapore Airlines to report a strong net profit growth in the recently concluded quarter, thanks to the parent airline and SIA Cargo.
Finance Minister Arun Jaitley expressed confidence about the country's economic potential during his valedictory session of ASEAN-India Business and Investment Meet and Expo.