Federal Reserve's Collins: The number of interest rate cuts in 2025 will be lower than previously expected.
Due to strong employment data and persistent inflation, Boston Federal Reserve President Collins is inclined to expect smaller rate cuts in 2025 than previously anticipated a few months ago.
Fed Signals Delayed Rate Cuts as Inflation Concerns Linger, Goldman Sachs Says
Foreign Exchange Rates Jan 9, 2025
The deep recession alert has been sounded! USA credit card debt unexpectedly plummets.
In November, USA consumer credit decreased significantly by 7.5 billion dollars, with unpaid credit card and other revolving debt balances plummeting by 13.8 billion dollars, marking the largest monthly drop since the economic shutdown triggered by the COVID-19 pandemic. Analysis suggests that whenever there is such a sharp decline in revolving credit, the USA economy is often on the brink of recession or already in recession.
FOMC Minutes Signal More USD Upside – DBS
USD: Quieter Bond Markets Should Calm Things – ING
103692803 : ya, actual result says anything, that’s it
TheScamProf OP 103692803 : Chill bro, gv some room to breathe, if u look so short term I believed u always get panick in huge correction.
103692803 TheScamProf OP : relax, my post mentioned 1:4.5 on Jan, and many said 3.8
TheScamProf OP 103692803 : I am looking to reverse around this area :) back to 4
103692803 TheScamProf OP : October 2024 marked a period when property agents experienced their highest earnings. This coincided with the lowest USD-to-MYR exchange rate since the pandemic began, creating a sudden surge in confidence in the Malaysian Ringgit. However, political shifts, including policies influenced by Donald Trump, reversed this trend. Given current economic conditions, a return to the 1:4 USD-MYR rate within six months is unlikely. The reversal you waiting could be around 4.6. Just my POV
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