Why is the Federal Reserve still dragging its feet when the global market is eagerly awaiting an interest rate cut?

The Federal Reserve is waiting for more data to show that inflation is steadily decreasing, but excessive delays may lead to economic decline. Analysts believe that if the Federal Reserve continues to hold steady in July, a rate cut in September will be a "done deal".

wallstreetcn06:03 ET

Efforts To Boost Ringgit Value Showing Results, Says Amir Hamzah

The Ringgit has emerged as the best-performing currency in Asia against the US Dollar since the implementation of integrated measures by the Government and Bank Negara Malaysia (BNM) on 26 February 2024, according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

Business Today03:08 ET

BNM International Reserves Dips Slightly To US$113.3 Billion

Bank Negara Malaysia reported today that the international reserves amounted to USD113.3 billion as at 15 July 2024.

Business Today03:07 ET

Sentiment On The USD Fluctuates Amid Political Uncertainties

Recent developments in financial markets have significantly impacted the outlook for the USD.

Business Today22:16 ET

President Biden Dropping Out Unlikely to Materially Shift Markets -- Market Talk

In the near term, President Biden's not seeking re-election and endorsing Vice President Kamala Harris is unlikely to shift markets materially, says Piers Bolger, CIO at Infinity Asset Management.

WSJ22:16 ET

RINGGIT OPENS FIRMER AGAINST US DOLLAR, ASEAN CURRENCIES

At 8 am, the ringgit rose to 4.6815/6910 against thegreenback from last Friday's close of 4.6840/6875.

Bernama21:08 ET