Fed

The unwinding of balance sheets and its implications

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[ First things first. This is this column’s 300th publication since the first article was published in June 2018 and I would like to thank Star Media Group for giving me this opportunity to explore and discuss various issues related to the economy, market, finance, corporate governance and different asset classes. For this week, the … Read more

Gold stays below key US$2,000 level as markets temper Fed rate-cut bets

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[ GOLD prices lingered near a two-month low on Wednesday, trading below the key $2,000-per-ounce level, as a stronger-than-expected U.S. inflation report prompted traders to trim bets for deeper rate cuts by the Federal Reserve. Spot gold was flat at $1,992.21 per ounce (Oz), as of 0429 GMT, after hitting its lowest since Dec. 13 … Read more

Jerome Powell: Fed Cautious about Early Rate Cuts | International Business News

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[ Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%.In an interview conducted Thursday with CBS’s 60 Minutes that aired Sunday evening, Powell sought to explain the … Read more

Ringgit ends firmer against US$

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[ KUALA LUMPUR: The ringgit closed firmer against the US dollar on Wednesday following the United States Federal Reserve (Fed) expectation of easing its monetary policy next year. At 6 pm, the ringgit rose to 4.6555/6605 against the greenback from Tuesday’s close of 4.6760/6805. SPI Asset Management managing partner Stephen Innes said it was a … Read more

Ringgit rebounds to close higher versus greenback

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[ KUALA LUMPUR: The ringgit rebounded to close higher against the US dollar on Tuesday as the greenback weakened due to the US Federal Reserve’s (Fed) dovish stance. At 6 pm, the ringgit rose to 4.6760/6805 against the greenback from Monday’s close of 4.6920/6965. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid … Read more

Shares and bonds climb as Fed boost keeps firing

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[ SYDNEY/LONDON: Shares and bonds on Friday globally continued to bask in the glow of Wednesday’s Fed meeting, with MSCI’s world share index set for a seventh straight winning week, its longest run in six years, and the benchmark 10-year Treasury yield below 4%. Europe’s broad STOXX 600 benchmark traded at a 23-month high, up … Read more