KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
As inflation inches closer to the Fed’s 2% target, San Francisco Fed President Mary Daly believes two rate cuts remain on the table in 2025 , despite concerns about recent tariff announcements. Daly suggested the price impact of Trump’s new tariffs may be muted , as businesses are finding ways to absorb part of the cost or negotiate shared burden structures that prevent full pass-through to consumers. “Some companies are cutting into their margins instead of passing costs along,” Daly said. “This could prevent a major spike in consumer inflation.” Key Points for Investors Two rate cuts likely in 2025 , according to Daly Tariffs may lead to one-off price increases , not long-term inflation Growth and spending are moderating — but not weakening Daly: Inflation still on track to hit 2% Futures pricing shows first cut likely in September Diverging Views Inside the Fed While June meeting minutes show a split ...