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Wall Street stocks delivered a mixed performance on Wednesday as attention turned to earnings from chipmaker Nvidia and minutes from the FOMC's latest policy meeting.
KUALA LUMPUR: The ringgit traded higher against major currencies but was marginally lower against the US dollar at the opening today on a cautious tone ahead of the US Federal Open Market Committee (FOMC) meeting minutes’ publication this week, said an economist.
Investors are awaiting minutes of Fed's latest Federal Open Market Committee (FOMC) meeting for any hints regarding central bank's future actions.
Investors will have to wait until at least July for those widely expected interest-rate cuts, according to one Federal Reserve president’s outlook.
The rate of inflation is slowing. How quickly it slows toward low pre-pandemic levels will determine when the Federal Reserve cuts interest rates and brings...