Fed Meeting: Paving The Way For Interest Rate Cuts?
The nation's central bank will maintain interest rates steady. It will leave the Federal Funds Rate unchanged at the current 5.25%-5.50% level.
Source: ibtimes.com
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Ringgit rebounds to end higher against US dollar
KUALA LUMPUR: The ringgit rebounded to end higher against the US dollar today as investors shifted their focus away from the greenback ahead of the United States (US) interest rate decision on Wednesday, said an economist.
Source: thestar.com.my
Gold expected to remain vulnerable in the FOMC week
Spot gold closed with a minor loss of $2 at $2018 on Friday. Much awaited US December core PCE deflator inflation data, the Feds preferred gauge of inflation, came in at 2.9%, slightly below the forecast of 3% and the previous reading of 3.2%. The headline index remained steady at 2.6%, which was in line with the estimate.
Source: indiatimes.com
No Rate Move Expected At January Fed Meeting, But Markets See Spring Cuts
The Fed will likely hold rates steady on January 31, but markets forecast lower rates by the spring. Recent Fed speeches may be beginning to support that view.
Source: forbes.com
Asian stocks gain on possible Chinese rescue package
The yen strengthened as traders took note of the Bank of Japan’s hawkish move on Tuesday
Source: businesslive.co.za