US – Interest Rates
17/09/2020 10:24 am MYT
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The Federal Reserve has decided to maintain the federal funds target rate at a range of 0.00% to 0.25% (figure 1). Interest rates are expected to remain at this target range until labour market conditions have reached levels consistent with their assessments of maximum employment along with inflation reaching 2% and on track to moderately exceed 2% for some time.

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Note from Publisher
Now, all eyes are on the Sabah state election to be held on 26 Sep. 447 candidates from 20 parties are standing in the election. Based on the ways each party fielded their candidates, it is apparent that there have been a lot of infightings, be it within the opposition or the incumbent coalition. Notwithstanding its importance (see this week’s KLSE conclusion for more), whatever the election results may be come 26 Sep, Sabah’s political situation will remain unstable. Malaysia has witnessed a collapse in her federal government due to the party-hopping culture of Malaysian politics. Sabah has had a reputation of having many “political frogs”. As a matter of fact, it is these hopping frogs that caused the current snap election.

Over the past few years, party defections have increased in frequency. This is a very unhealthy and disturbing development of Malaysia’s democracy. Not only does it cost a lot of money to hold elections, but politicians switching party after being elected have also made a laughing stock out of the election process. Malaysia needs to seriously review her entire election system so that the “political frogs” cannot hop whenever and wherever they like and in the process destroy the country.
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Following the Recovery Movement Control Order ("RMCO") announced by the Malaysian Government which takes effect from 10 June 2020 to 31 August 2020, Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures ("SOP") prescribed by the relevant authorities. During the RMCO, we will continue to take precautionary measures to protect our employees, clients and other stakeholders. Among others, all visitors must continue to wear face masks, having their body temperature recorded, making health declaration and ensure social distancing when you visit any of our Kuala Lumpur offices. To better manage your visits and avoid any inconveniences, you are advised to make an appointment with us before your visit. For our Kuala Lumpur office, you may reach us at +603-2070 2104 or 2105 or 2106 or email us at cdsb@icapital.biz (investment advisory) or enquiries@cdam.biz (fund management).
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