Fed’s ‘higher for longer’ stance hits Asian currencies
A basket of Asian currencies is feeling the heat this week, after latest comments from a US Federal Reserve (Fed)…
Category: Economy
S&P affirms ‘A-’ sovereign credit rating
S&P Global Ratings has reaffirmed its sovereign credit rating on Malaysia with a “stable” outlook, as it foresees the country’s…
Negative impact if BlackRock is withdrawn
The withdrawal of BlackRock’s investment from Malaysia, if it happens, will have implications and negative impacts on efforts to realise…
Malaysia’s producer price index rises 1.4% in May 2024 – DoSM
KUALA LUMPUR: Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer level, increased by 1.4…
Rate cut to come at some point, says Cook
Federal Reserve (Fed) governor Lisa Cook says it will be appropriate to reduce interest rates “at some point”, adding that…
UK Labour to seek economic growth of 2.5%
Keir Starmer, who polls show is on course to be Britain’s next prime minister, says his Labour Party would target…
Bond traders bet on 300 bps of Fed cuts by March
Traders in the US rates options market are embracing a nascent wager on the Federal Reserve’s (Fed) interest rate path:…
Faster inflation raises risk of RBA rate hike
Australia’s inflation accelerated faster than expected for a third straight month in May, sending the currency higher as traders boosted…
‘Crazy’ to intervene on yen before PCE data
The next big pain point for the yen – and a potential trigger for intervention from Japan – may emerge…