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The ringgit is likely to stay at the current level against the US dollar, at 4.60 to 4.61, as monetary policy action will continue to take centre stage with a series of US Federal Reserve (Fed) officials sharing their thoughts with the public.
As expected, the Fed "paused" after 10 straight rate hikes. They characterized this as a “skip,” not a “pause.
A senior Fed official said the fallout from bank failures is likely to continue to play a role in the central bank's decision on when to raise interest rates.
That the economy and markets can absorb it more gradually, so that they can keep the path to a soft landing still alive. the last time we spoke was last month and there was a banking crisis that was going on. where do we stand? how much of that are they still considering, the fed? i think this remains something that they monitor very closely. we they also have the treasury general account rebuild this summer, which means there will be some liquidity being drained out of the financial system here in the us, but when you look at the data, the tightening in credit conditions has not been that muc...
Those "holding out for wider yields or relative value" are frustrated due to an extremely tight muni range, but FHN Financial's Kim Olsan said, "the reality is that supply has yet to materialize to force that change."