Tag: US Federal Reserve
Central banks have asked politicians for years to use fiscal policy more constructively and address structural problems plaguing economies.
The local note's performance will depend on Jerome Powell's speech at Jackson Hole, amidst the US administration's interest rate cut plan and trade war.
The ringgit's performance would depend on a possible interest rate cut by the US Federal Reserve.
US President Donald Trump blames the Federal Reserve for putting the US economy at risk, though it is reportedly in 'reasonably good' shape.
Stocks fall sharply midway through a subsequent news conference after Fed Chairman Jerome Powell said the US central bank did not expect a 'lengthy cutting cycle.'
Markets overwhelmingly expect the central bank will cut the key lending rate by 25 basis points on Wednesday, the first decrease in more than 10 years.
Strong American economic data, including Thursday's report showing an increase in durable goods sales in June, has investors fearing a less dovish Federal Reserve announcement.
A stronger greenback today has hampered buying sentiment for the ringgit, however, it is trading higher against other major currencies.
Economists and investors see it as a certainty that the US Federal Reserve will lower the key borrowing rate at the policy meeting on July 30-31.
Most Asian markets extend losses as investors re-evaluated the Federal Reserve's interest rate options following last week's strong US jobs report.
The risk for the US Federal Reserve is that they are in a lose-lose situation as they consider whether to cut interest rates this month and by how much.
US President Donald Trump claims 'massive additional wealth' would have been created for the country, if not for the US Federal Reserve's policies.
The Federal Reserve last week left benchmark lending rates untouched but signalled it could ease them soon if the economic outlook deteriorates.
The ringgit rises today against the American dollar as the US Federal Reserve keeps its interest rate steady.
Robert Kaplan also says it is also possible some of the threatened tariffs will not be enacted.
'Central banks should revisit and reassess their policy frameworks, strategies, and toolkits, to maximize efficacy.'
'Overall inflation pressures in the US will remain muted and tweaking monetary policy won’t impact that.'
The dollar had taken an initial knock from a surprisingly sharp retreat in the ISM index of manufacturing to 52.8.
WASHINGTON: There’s a flaw at the heart of central banking’s approach to inflation targeting that’s become a hot issue for the Federal Reserve as...
The Fed’s relative predictive advantage versus private economists has declined in recent years as the higher quality and quantity of forecasters makes it harder for anyone, including Fed staff, to beat the “wisdom of the crowd,”
"Incoming data have revealed signs that US economic growth is slowing somewhat from 2018's robust pace. Prospects for foreign economic growth have been marked down, and important international risks remain."
Filings for US unemployment benefits unexpectedly dropped, falling to the lowest level since October 1969 and suggesting little sign of cooling in a tight labour market.
The US dollar lacked momentum, with its index against six other currencies hovering near a two-week low.
This came as a shock to many economists, since as recently as Sept, the Fed expected to raise rates three times this year.
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