
FBM KLCI Extends Winning Streak on Fed Rate Cut Hopes, Technology Leads Gains
Wall Street closed higher after softer-than-expected July US inflation data reinforced expectations for a Fed rate cut

Wall Street closed higher after softer-than-expected July US inflation data reinforced expectations for a Fed rate cut

The US Federal Reserve maintained interest rates at 4.25%-4.50%, facing dissent and political pressure amid inflation concerns and economic uncertainty.

Fed keeps rates at 4.25%-4.5%, cites tariff uncertainty, solid labor market, and rising inflation, unemployment risks.

A weaker U.S. dollar leaves the USD-Asian FX crosses less vulnerable to narrowing rate differentials.

The immediate rally reflects relief and confidence in the Fed’s steady hand, but the U.S. market’s trajectory will hinge on how domestic and global…

Profit-taking may occur in Malaysia following recent gains, ahead of the Federal Reserve and Bank of Japan (BOJ) interest rate decisions

The FBM KLCI is set to trade positively today, buoyed by Wall Street's gains and local institutional support despite foreign fund outflows. Interest rate…

Fed cuts rates by 0.50%, aims to curb inflation while supporting job growth, more cuts expected.

The Federal Reserve has downshifted its median expectations for rate cuts, indicating only one cut for 2024, contrary to market hopes for multiple or…

The Federal Reserve’s upcoming decision on interest rates is crucial, potentially influencing global markets, inflation, and economic growth, with rate cuts expected.