SINGAPORE, July 9 (Reuters) - Singapore is shortening the time it takes for wealthy clients to open private bank accounts and get tax incentives for their family offices, a minister said on Wednesday.

The Federal Reserve is expected to announce its first interest rate cut this year on Wednesday despite signs of tariffs pushing inflation higher amid rising concerns about the labor market.

• The Federal Reserve cut its benchmark interest rate Wednesday for the first time since December and signaled more cuts are likely this year. • Central bankers opted for a quarter-point cut this time ...

The central bank aims to revive a flagging labor market. The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on Wednesday, opting for its first interest rate cut this ...