The Federal Reserve’s accompanying statement hints hawkish stance to still remain, says analyst.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar this morning after the Federal Reserve decided to pause rate hikes.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said despite the Federal Open Market Committee keeping interest rates unchanged, the accompanying statement from Powell leaned pretty much to the hawkish side as they committed to bring down inflation down to the 2% target.
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