A Dovish Pause But A Hawkish Tone From The Federal Reserve

The Federal Reserve has decided to take a pause after 10 consecutive rate hikes taking it up to 5-5.25% in their efforts to combat the inflation. Will the Fed stay firm on the 2% inflation target and raise rates in the remaining FOMC meetings of the year ? We speak with Ray Choy, Chief Economist, Malaysian Rating Corporation (MARC) to get his views on the latest policy and tone from Fed chairman Jerome Powell, and what all this means for our own OPR and the Ringgit.

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