Page 8 - Fomc News Today

Bursa Malaysia is expected to continue its positive momentum this week, amid cautious sentiment on the regional and global market, dealers said.

The Viper Report’s Tom Aspray, a veteran student of the markets, explains why he finds the monthly analysis of the stock market is so important.

Good economic news is terrific. But an upbeat month or two can be followed by a slide down a hill. That’s what worries the Fed.

The Fed could cut rates by in May, according to bond markets. That assumes inflation data remains relatively benign. An unemployment spike could pull a cut forward.

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today, as the market remains tentative in anticipation of the interest rate decision on the greenback. 

Investors are tempering their bets of swift and deep US rate cuts after data indicates economy is resilient

The market prices in a more than 50% likelihood that the Fed will finally begin cutting rates following its March conclave.

Satoshi Nakamoto, Bitcoins legendary creator, would be "rolling over in his grave," according to one analyst who described how intensely analysts are watching the FOMC.

When Fed chairman says that “we do not know where neutral rate of interest is” they are admitting that they have got the decision so wrong in past, said Jain.

KUALA LUMPUR: The ringgit opened higher on Tuesday as market participants focused on the two-day United States (US) Federal Open Market Committee (FOMC) meeting which starts today.