US Feds no rate hike a boost for local market
WASHINGTON: The Federal Reserve lowered its benchmark lending rate by 25 basis points to the 3.75–4.00% range, aligning with market expectations, after recent inflation data came in below forecasts.
Headline inflation rose to 3.0% in September from 2.9% in August, while core inflation eased to 3.0% from 3.1%. Both figures were lower than the 3.1% consensus.
Rystad Energy’s chief economist Claudio Galimberti said the Fed’s move reflects “acknowledgment of softer labor momentum” and marks a policy pivot toward stabilizing financial conditions. The rate cut and end of quantitative tightening are expected to inject liquidity into markets, easing pressure on banks and Treasury funding costs.
Oil prices rose slightly following the decision, as investors viewed the move as supportive of short- and medium-term demand and global growth sentiment. The Fed’s shift indicates a broader focus on reflation and economic support rather than restraint.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Strong fundamentals support resilience in the banking sector.
Structured transitions help ensure long-term stability.
Analysts see upside for Greatech as record orders, data centre demand and improving execution support…
Mitrajaya’s earnings outlook remains positive, supported by stronger revenue recognition, data centre projects and steady…
Improving US-Iran negotiations and easing oil prices lifted global sentiment, while investors stayed cautious ahead…
Vietnam's General Secretary To Lam will visit Thailand, Singapore, and the Philippines from May 27…
This website uses cookies.