Article Related To us-fed

The local currency's performance was primarily driven by the US Federal Reserves' 50 basis points policy rate cut.

Traders are reassessing their stand on the US Fed's next move given the high possibility that a soft-landing scenario would materialise.

The ringgit opened almost flat and is expected to retain its bullish trend as the US Fed rate cut last week signalled a soft landing for the US economic growth

Datuk Seri Abdul Rasheed said Malaysia's positive economic outlook and structural reforms are also propelling the ringgit's rise.

Dr. Mohd Afzanizam said Malaysia's open economy is highly sensitive to external factors like international trade and capital flows.

US Federal Reserve chair Jerome Powell said the central bank will not wait until inflation hits two per cent to cut interest rates.

The ringgit extended its gains to open firmer against the US dollar on Friday, driven by the growing prospect of an interest rate cut.

Investors focused on the US Federal Reserve's semi-annual testimony to assess the US economic growth and monetary policy paths.

A chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to move in a narrow range today.

Its stronger performance driven by higher dividends and distributions from investee companies, fair value gains and capital preservation.

The US Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25-5.5 per cent, as yields on long-term US Treasury bonds have spiked in recent months, reported Xinhua.

The rebranding MITI with the addition of the word 'investment' into it is a good signal to the market that they are serious about growing the economy domestically.

The ringgit continued its positive momentum this morning to open slightly higher against the greenback on the expectation of a US Federal Reserve downshift to a 25 basis points interest rate hike.

Higher interest rates will stay in place until the US Federal Reserve is confident that surging inflation is on a path toward stability, according to a Fed meeting summary released this week.

The ringgit was traded mostly lower against a basket of major currencies this morning.

The draft finance deal criticised by both developed and developing nations.

This was following the discovery of a suspected prohibited item in luggage.

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.