US Fed rate cut fuels optimism for sustained Malaysian export recovery
==========
The US Federal Reserve cut its policy rate by 50 basis points on September 18, 2024, expected to boost US domestic consumption and support Malaysian exports; Malaysia's August trade data showed a 12.1% year-on-year increase in exports to RM129.16 billion, surpassing estimates; UOB Global Economics predicts ongoing recovery in electrical and electronics exports; year-to-date export growth stands at 6%, with a full-year target of 7.6%; imports rose 26.2% year-on-year to RM123.49 billion in August; trade surplus narrowed 67.3% year-on-year to RM5.67 billion; RHB Research forecasts GDP growth of 5.2% in Q3 2024.
#UsFed #Malaysia #Exports #Economy #TradeData #Gdp #Uob #Rhb #August2024 #PolicyRate
https://theedgemalaysia.com/node/727324
The Edge Malaysia /
npub15q…t0mcv
2024-09-19 14:00:04
Author Public Key
npub15q3n6g46fstp0h7wemjzwkh9jy6akndzdzk2sz8q0hwgvz6sfe3srt0mcvPublished at
2024-09-19 14:00:04Event JSON
{
"id": "1b16de1ad0641bef5263a3d7d3accf06a1f609659daf30ad680de64fc937d6ba",
"pubkey": "a0233d22ba4c1617dfcecee4275ae59135db4da268aca808e07ddc860b504e63",
"created_at": 1726754404,
"kind": 1,
"tags": [],
"content": "US Fed rate cut fuels optimism for sustained Malaysian export recovery\n==========\n\nThe US Federal Reserve cut its policy rate by 50 basis points on September 18, 2024, expected to boost US domestic consumption and support Malaysian exports; Malaysia's August trade data showed a 12.1% year-on-year increase in exports to RM129.16 billion, surpassing estimates; UOB Global Economics predicts ongoing recovery in electrical and electronics exports; year-to-date export growth stands at 6%, with a full-year target of 7.6%; imports rose 26.2% year-on-year to RM123.49 billion in August; trade surplus narrowed 67.3% year-on-year to RM5.67 billion; RHB Research forecasts GDP growth of 5.2% in Q3 2024.\n\n#UsFed #Malaysia #Exports #Economy #TradeData #Gdp #Uob #Rhb #August2024 #PolicyRate\n\nhttps://theedgemalaysia.com/node/727324",
"sig": "16eed86ef726b3692ab18e9529ab5bf06baf265db5f97a73e986c3ad8f50b5606cb750deff1f38545eec15379574731ae3cb0e328271ad2d6b97fe745110869a"
}