For satisfying Ipoh-style poached chicken and bean sprouts, head over to Restoran San Hong Hong Chicken Rice Shop in Desa Aman Puri
Figures showing the consumer price index rose 0.4 per cent on-month and 3.5 per cent on-year were both above consensus for the third month in a row and observers warned the pick-up might not be a blip but could point to a worrying trend. But some are less hopeful. Apollo Global Management’s Torsten Slok said: “We are sticking to our view that the Fed will not cut rates in 2024.”And former Treasury Secretary Lawrence Summers said traders must “take seriously the possibility that the next rate move will be upwards rather than downwards”.Still, minutes from the Fed’s most recent meeting showed that while decision-makers were worried about recent figures, they still saw cuts this year.
And Finalto’s Neil Wilson added that “despite the hot number, there are many reasons why the Fed may still cut in June... but if the market moves too far out of step then the Fed may be forced to wait a little longer”.Asia followed suit in the morning but some bounced into positive territory as the day wore on while others pared many of their losses.
Equity Markets Fall As US Inflation Data Dims Rate Cut Hopes
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.
Source: WORLDOFBUZZ - 🏆 19. / 53 Read more »
Source: malaymail - 🏆 1. / 86 Read more »
Source: malaymail - 🏆 1. / 86 Read more »
Source: malaymail - 🏆 1. / 86 Read more »
Source: malaymail - 🏆 1. / 86 Read more »
Source: staronline - 🏆 4. / 75 Read more »