KUALA LUMPUR, Sept 4 (Bernama) -- Bursa Malaysia ended lower on the final trading day of the week, weighed down by the plantation sector as investors locked in gains following its recent strong performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.03 points 1,708.10, compared with yesterday’s close of 1,715.13. The benchmark index opened 1.39 points lower at 1,713.74 and fluctuated between 1,704.86 and 1,715.20 throughout the day. The broader market was negative with losers outnumbering gainers 568 to 523, while 596 counters were unchanged, 1,085 untraded and 19 suspended. Turnover expanded to 4.33 billion units valued at RM2.98 billion from 3.90 billion units valued at RM3.21 billion on Thursday.
The real story isn’t that rates stayed at 3.75%, it’s that the Fed is no longer trying to guide the market every step of the way. The Federal Reserve’s latest decision to hold rates steady isn’t the real story. The bigger shift is how Kevin Warsh is changing the way the Fed operates and how markets must respond. Key Points Fed holds rates at 3.50%–3.75% No forward guidance — a major policy shift Nearly half of policymakers signal possible rate hikes Inflation still elevated at ~3.6% for 2026 Warsh launches broad structural review of Fed policy Markets reacted with higher yields and equity weakness The market is still treating Warsh like “Powell 2.0” that is likely a mistake. The Real Shift: From Powell to a Modern Greenspan This isn’t just a leadership change, it’s a philosophy shift. Warsh’s approach signals a return to a more classic central banking style: Less guidance → fewer signals to markets More market discipline → investors must interpret dat...