Page 10 - Fomc News Today

The new year has begun and U.S. economic situation has generally been solid now that the worst days of the pandemic are in the rear view mirror.

New York Federal Reserve President John Williams said U.S. interest rates will likely need to stay high "for some time" until senior central bank officials...

The Fed are expected to hold rates steady on January 31. The main question for markets is whether near-term interest rate cuts are discussed.

KUALA LUMPUR: The ringgit slipped further against the US dollar on the expectation that higher-for-longer interest rate narratives are likely to persist.

KUALA LUMPUR: The ringgit remained weak against the US dollar today after some letdown as hopes for a March rate cut faded after the US Federal Open Market Committee (FOMC) meeting minutes provided little clue about when it will happen.

The Federal Reserve is becoming more confident that the inflation outlook is improving, but will still examine upcoming CPI data closely

The Federal Open Market Committee (FOMC) discussed at its last meeting that interest-rate cuts were likely to happen in 2024, but didn't give any details on when the central bank might start to loosen monetary policy.

US stocks dropped sharply on Wednesday with the Dow falling nearly 300 points after minutes from the latest Federal Reserve policy meeting failed to give conclusive evidence of when the central bank might start to cut interest rates.

Wall Street stocks closed mostly lower on Thursday following the release of minutes from last month's FOMC meeting.

KUALA LUMPUR: The ringgit continued its downtrend against the greenback before the release of the Federal Open Market Committee (FOMC) minutes tonight.