Alternative Views: Global market volatility — expect the unexpected
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The US Federal Reserve is expected to cut interest rates by 25bps in September 2024; current rate is between 5.25% and 5.5%; US inflation rate at 2.9%, lowest since 2021; US unemployment rate rose to 4.3% in July 2024; concerns about a possible recession; China’s Q2 2024 growth at 4.7%, below expectations; China’s economy still recovering from a property bubble; Japan raised interest rates from 0% to 0.25% on July 31, 2024; US$1 trillion in cross-border loans from Japan; yen currently at 148 against the US dollar; potential for market volatility if Fed does not cut rates; global capital markets recovering post-August 5 turmoil; Malaysia’s FBM KLCI index above 1,600 points; ringgit at RM4.42 against the dollar.

#UsFederalReserve #InterestRates #Inflation #ChinaEconomy #Japan #MarketVolatility #Recession #EconomicGrowth #YenCarryTrades #Malaysia

https://theedgemalaysia.com/node/723273