The ringgit is expected to trade around RM4.50 to the US dollar next week, as investors remain cautious ahead of the US inflation report and speeches by US Federal Reserve officials. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the focus will be on the US inflation rate, with the Producer Price Index to be released on Tuesday and the Consumer Price Index on Wednesday. He anticipates the Fed Funds Rate to be maintained at 4.50-4.75 per cent when the Federal Open Market Committee meets on January 28-29.
Study: Malaysians blame political influence of the rich on country’s economic inequality, six in 10 think their kids will be financially worse off
Mutiara LRT Line to span 29.5km with 21 stations, linking Penang’s key hubs for better connectivity and economic growth, says Anthony Loke Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the focus would be on the US inflation rate, with the Producer Price Index to be released on Tuesday and the Consumer Price Index on Wednesday.
“Judging from the prevailing data points and commentaries from Fed officials, it appears that the Fed Funds Rate would be maintained at 4.50-4.75 per cent when the Federal Open Market Committee members reconvene on Jan 28-29,” he told Bernama.
Ringgit US Dollar Inflation Federal Reserve Economy
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ringgit set to trade range-bound between RM4.20 and RM4.40 in Q1’25: EconomistPETALING JAYA: The ringgit is expected to remain range-bound between RM4.20 and RM4.40 in the first quarter of 2025 on investor sentiment, global mone...
Read more »
74 Businesses Fined for Price Violations During Christmas Price Control SchemeA total of 74 businesses were found to have violated price control regulations during the Christmas Price Control Scheme (SHMMP) 2024 in Malaysia. This resulted in fines amounting to RM8,600. The violations were discovered during 2,748 inspections conducted by the Ministry of Domestic Trade and Cost of Living (KPDN) across the country. Despite the violations, KPDN reported that the scheme was generally successful and received no complaints about price gouging.
Read more »
75 Traders Fined for Price Tag Violations During Christmas Price ControlThe Ministry of Domestic Trade and Cost of Living (KPDN) fined 75 traders a total of RM8,600 for failing to use pink price tags or display prices for controlled items during the 2024 Christmas Festive Season Maximum Price Control Scheme (SHMMP). The ministry conducted 2,748 inspections nationwide during the five-day scheme, which ran from December 23 to 27 and controlled the prices of 14 items.
Read more »
29-year-old regrets buying Honda City on RM4,300 salary.The woman who earns a gross income of RM4,300 says that she is now “still recovering” from the purchase and does not have much savings
Read more »
PGA tahan lelaki bawa anak pokok seludup RM4.5 jutaRANTAU PANJANG: Batalion 9 Pasukan Gerakan Am (PGA) Kuala Terengganu merampas 15,000 batang anak pokok pelbagai jenis selepas menahan sebuah lori yang dipandu seorang lelaki di Kampung Limau Purut, Jalan Panglima Bayu disini kelmarin.
Read more »
29-year-old regrets buying Honda City on RM4,300 salary.The woman who earns a gross income of RM4,300 says that she is now “still recovering” from the purchase and does not have much savings
Read more »