Bursa remains under the bear’s control

Review: Lingering hopes that the US Federal Reserve would cancel or delay an interest rate hike at its final monetary policy meeting of the year evaporated on Wednesday as the central bank proceeded to raise it by 0.25% to 2.25%-2.5%.

Analysts say there was some positivity following the end of the two-day policy meeting on Wednesday as there were indications of slowing interest rate hikes moving into next year, with most governors expecting only two hikes in the offing.