KUALA LUMPUR: The rally on Bursa Malaysia continued on Tuesday after a record-breaking performance on the US Nasdaq signalled investors were reacting positively to the anticipated start of a US rate cut cycle.
The Federal Open Market Committee meeting is only a week away, during which its members will decide on the benchmark lending rate moving forward. According to the CME FedWatch tool, there is a 100% chance of a rate cut of at least 25 basis points at the coming meeting, with 10.6% odds of a 50 basis points cut.
