Malaysia to remain resilient as Fed rate cut hopes fade

PETALING JAYA: Perhaps reflective of the changing mood that has emerged in the first quarter of the year (1Q24), expert observers are tuning down their optimism about US Federal Reserve (Fed) rate cuts in 2024.

Unsurprisingly, the shift comes as recent data releases have moderated market expectations of lower rates, with the Fed is now being anticipated to maintain its restrictive policy for a longer period.