#fed rate

The Ringgit opened slightly lower against the US dollar as markets awaited key US economic data and anticipated a 25‑basis‑point rate cut by the Federal Reserve later tonight. At 8am, the currency stood at 4.1140/1250 versus 4.1105/1165 yesterday.  Ringgit Opens Lower than USD Bank Muamalat chief economist Mohd Afzanizam Abdul Rashid said the US Dollar Index rose 0.13% amid mixed labour…

Fed rate cut odds rise sharply after weaker than expected jobs. Markets rally as September rate cut becomes the likely outcome. Unemployment climbs, fueling expectations of imminent Federal Reserve easing steps. The likelihood of a Federal Reserve rate cut in September has surged after new data revealed unexpected weakness in the US job market. According to the CME FedWatch Tool, there is now a…

MUMBAI: Benchmark indices ended lower on Wednesday, halting their eight days of rally, ahead of the US Federal Reserve’s interest rate decision and mixed global market trends.Also, fall in index majors Reliance Industries, Tata Consultancy Services, Infosys and Larsen & Toubro added to the weak trend in equities.The 30-share BSE Sensex declined 161.41 points or 0.26 per cent to settle at…