Stronger recovery likely in final lap of 2023


A cyclist passes the US Federal Reserve building in Washington. — Reuters

PETALING JAYA: With growing expectation that the US Federal Reserve (Fed) is likely to pause its interest rate hike, investor sentiment has begun to improve.

In a strategy report for the fourth quarter of 2023 (4Q23), MIDF Research observed the performance of developing markets have started to improve in 3Q23, following growing expectation the US Fed will finally pause its rate hikes.

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