Page 7 - Us Fed News Today

“But our modest objectives of 22240-22450/550 continue to be in play though, along with an optimistic target of 22800-23000. But any prospects of potential delay in the onset of rate cuts, could jolt the ride, but may not be enough to trigger a collapse per se,” he says.

What investors will be watching over the next seven days

KUALA LUMPUR: The ringgit opened lower against the firmer US dollar today as the United States (US) equities continued to perform favourably, said an analyst. 

The central bank’s statement reaffirms its stance of neither being a hawk nor a dove but an owl that is vigilant on inflation

Indian IT companies have seen an upward trend in the last three months, particularly in December, following the Federal Reserves December 2023 release, which hints at the possibility of three rate cuts in the calendar year 2024, implying a reversal in the rate cycle.

RBIs Monetary Policy Committee (MPC) meeting is expected to keep the key policy rate unchanged for the sixth consecutive time

US stocks fell on Monday after Federal Reserve Chair Jerome Powell said on Sunday that the central bank is not ready to cut interest rates yet, a media report said.

Property deals in Hong Kong surged in January to their highest since August on stepped-up buying amid expectations of stable interest rates and hopes that a government residency scheme will draw more investments into the sector.

Gold prices on Friday were set for their best week in seven, as the dollar and Treasury yields retreated, while traders awaited key U.S. jobs numbers due later in the day to gauge timing on when the Federal Reserve could start cutting interest rates.

KUALA LUMPUR: The ringgit ended the week firmer against the US dollar, closing higher on Friday as the greenback retreated amid risk-on sentiment ahead of the United States (US) nonfarm payroll data due later today, an economist said.