Posted by FortuneBull777 > 2023-06-30 23:02 | Report Abuse

US data continue to show resilient economy! Which is quite surprising! Not long ago, even analysts predicted the worst for US! But such scenario is becoming less and less! Don't ask me! I also dumbfounded!
And latest inflation data from US also shown that the inflation pressure has somewhat eased! It seems inflation pressure has been hitting EU and US while Asia, such pressure is none existent already!
In fact Malaysia for example, inflation has eased alot! So it come as surprise that Bank Negara made drastic hike! Probably to stop ringgit from sliding further!

Posted by FortuneBull777 > 2023-06-30 23:04 | Report Abuse

Anyway, since Fed main excuse for further hike is due to inflation pressure, when actually it's because Biden printed 60% dollar more than any presidents! And the fact that oil price has peaked for sometime as sales of EV has indeed reduce oil consumption!
But as we go forward, hopefully with US inflation issue behind us, any hike from Fed would do more harm that good!

Posted by FortuneBull777 > 2023-06-30 23:06 | Report Abuse

Another problem is the constant Fed remarks that should be dealt once every month rather than almost everyday! Such constant distablizing discussion should not be made public until a firm decision is made!

Posted by FortuneBull777 > 2023-06-30 23:08 | Report Abuse

Hopefully we would see some light at the end of the tunnel soon! As for Malaysia, the state elections will provide some uncertainty!
Again, let's hope sanity prevail and see that Selangor and Penang remain with PH! Never mind Kedah, Kelantan and Terreganu!

Posted by FortuneBull777 > 2023-06-30 23:09 | Report Abuse

Let's also hope that PM Anwar would just stop his talk talk talk and focus on rakyat and nation! All this talking nonsense from him is doing more harm than good!

Posted by DickyMe > 2023-07-01 01:23 | Report Abuse

Further hike is needed for to flush out parasites and a prosperous world.