Posted by FortuneBull777 > 2023-07-12 23:43 | Report Abuse

I guess the Fed is behind the curve most of the time! With so many dinosaurs making decisions, Fed has been wrong for the longest time!
Thanks to their super speed rate hike, few banks have already close shop! If they are so good, how come this happen!
And now Fed will deal with problem they are trying to solve! High inflation! But few months from now, defation will set in!
China just enter deflation! The cause is clear! US and EU no longer China biggest consumers! However in China case, exports are now re routed to less wealthy countries like Africa, Asean and so forth! China only need to adjust or rather lower their expectations!
However in US case, they have no such option! China is US biggest consumer! And if China decide to take their investment elsewhere, then US is toasted!

Posted by FortuneBull777 > 2023-07-12 23:47 | Report Abuse

Never mind, what we will see ahead for US is not of high inflation but deflation! Today, as expected, US inflation rate has tame down to 3%! Will Fed raise interest again, of course! They already set their sight on last 2 hikes this year! Is it necessary, of course not! And this will be major problem for US if Fed proceed to do so!
So let's see if Fed continue with they self inflicted blunder! Because the 2 last hike is totally unnecessary!
As for Malaysia, actually our rate is still considered low! We still can make 2 hikes this year too! But i think even without hike, ringgit will start to strengthen again as US dollar will slowly weaken ahead!

Posted by stockraider > 2023-07-14 11:03 | Report Abuse

The only way to fight inflation effectively is disinflation loh!