KLSE News: 20 June 2013 – Foreign Hot Money flowing out according CIMB’s Boss…
The US FOMC maintained the benchmark interest rate at 0.00-0.25%, and
reassured investors that it will not end its asset purchases any time soon.
Nevertheless, Federal Reserve chief Ben Bernanke said at a news conference
that it will start cutting back later this year and may stop it entirely by mid-2014
if the economy continues to improve, and unemployment falls to 7% by
mid-2014. (Bloomberg)
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