FBMKLCI 2023 OverviewThe S&P500 rose after the release of minutes from the Federal Reserve's most recent meeting, which revealed members were laser-focused on managing inflation even as they decided to delay their rate hike pace. Officials at the Fed's policy meeting on 2022 December 13-14 agreed that the US central bank should continue to raise the cost of credit to restrict the rate of price increases, but in a gradual manner to reduce the risks to economic development. Investors were pouring into the Fed's internal debates for hints about the central bank's future course. Following the meeting, Fed Chair Jerome Powell stated that additional raises were required, striking a more hawkish tone than markets had anticipated.
My POV on KLCI could traded as low as 1000.00. International trade could affected from strengthening in USD currency whereby hawkish in import/export prices.
