The market is dropping in response to the Fed's first meeting with Kevin Warsh as Fed Chair for one key reason:
We will have far less information going forward.
During the press conference today, Fed Chair Warsh announced that the Fed has "dropped" forward guidance.
He even hinted that the "dot plot" could be changed or eliminated along with all forms of Fed communication, such as the policy statement and press conferences.
In other words, the market will now have less Fed outlook which means more uncertainty.
On top of this, the five new "task forces" established by Warsh were said to have grand objectives with minimal guidance on what to expect.
As markets have repeatedly proven, uncertainty and volatility go hand-in-hand.
The new era of Fed policy will come with more volatility.
Attila the Hun wasn't just a conqueror, his name became synonymous with plunder and destruction. Comparing Najib to Attila is a way of emphasizing the scale of the looting involved.
Malu apa bossku.
BREAKING: The US will allow Iran to immediately begin selling oil and fuel under the deal to end the war, per WSJ.
Details include:
1. The provision for waivers of sanctions on oil sales takes effect immediately upon signing the agreement
2. This also covers necessary services including banking, transportation and insurance needed to facilitate the sales
3. Iran is expected to receive upfront sanctions relief under the deal with further relief tied to Iran’s performance
Oil prices are down sharply on the news.
Earlier today:
H.E. Dato’ Seri Anwar Ibrahim, the Prime Minister of Malaysia, received H.E. Sheikh Dr. #MohammedAlissa@MhmdAlissa, Secretary-General of the Muslim World League and Chairman of the Organization of Muslim Scholars, at the Prime Minister’s official residence.
During the meeting, a number of topics of mutual interest were discussed.
M. Nasir has sued Grab-owned MyTeksi Sdn Bhd for over RM5 million, alleging unauthorised use of his name to promote beverages sold as “Kegemaran M. Nasir” without his consent, reports NST.
The veteran singer-songwriter and his company Luncai Emas are also seeking a court order for MyTeksi to disclose an account of profits from the sales within seven days, as well as an injunction to stop further use of his name by the company and its agents.
https://t.co/Z7vfTE3ZJ7
Tunku Zain Al-’Abidin Tuanku Muhriz has been proclaimed the new Tunku Panglima Besar of Negeri Sembilan, replacing Tunku Nadzaruddin Tuanku Ja’afar with immediate effect.
The proclamation was made by the Yang di-Pertuan Besar of Negeri Sembilan, Tuanku Muhriz Tuanku Munawir, at Istana Besar Seri Menanti.