Page 14 - Fomc News Today

Novembers CPI inflation may come in broadly flat month-on-month as energy costs fall, but the Fed may want more data before contemplating rate cuts.

Markets expect the U.S. Federal Reserve to cut interest rates no later than May 2024. But the Fed sees that discussion as premature.

The U.S. economy slowed in November and inflation also tapered off, a Federal Reserve survey showed, suggesting the central bank could be finished raising...

A pair of Federal Reserve governors said recent signs of a slowdown in the economy could help return inflation to the central bank's 2% target, but they...

KUALA LUMPUR: The ringgit retreated from two consecutive days of gains to open lower against the US dollar on Wednesday due to the lack of interest in the local currency as market sentiments remain uncertain.

US stocks declined on Tuesday with the S&P 500 snapping a five-day winning streak after minutes of the latest monetary policy meeting showed that officials are in no rush to start cutting interest rates.

In October, the US DXY was seen oscillating between 105.50 to 107.40. However, the Dovish Fed led to a breakdown in US DXY below 105.40.

KUALA LUMPUR: Bursa Malaysia snapped three consecutive days of losses to end at its intraday high today, as bargain hunting activities emerged following the recent sell-off.

The minutes say rates could rise more if progress on fighting inflation isnt sufficient.

London stocks had extended losses by midday on Tuesday as investors mulled the latest UK borrowing data ahead of this week’s Autumn Statement, and looked ahead to the FOMC minutes.