Kenanga Still Anticipates Two Rate Cuts From US Fed

Quick Summary:

The US Federal Reserve decided to maintain its benchmark interest rates for the third consecutive meeting, keeping the target range at 4.25% to 4.50%, as widely anticipated.

According to a report by Kenanga Research, this unanimous decision by all 12 members reflects a cautious approach amidst increasing economic uncertainty.

This indicates that Fed officials remain wary of the divergence between resilient hard economic data and weakening soft data.

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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets: Malaysia

Topics: Rate cut News Kenanga

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 02:06:15 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28484713

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