# Delay in US rate cuts bad news for ringgit, say economists | FMT

> Malaysian economists said a delay in US Federal Reserve rate cuts would add pressure on the ringgit. The Fed held rates steady at its meeting and US CPI rose to 3.5% in March from 3.2% in February, with the policy-rate gap of about 2.5 points driving capital outflows.

- Date: 2024-05-03 · published 2024-05-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/30541-delay-in-us-rate-cuts-bad-news-for-ringgit-say-economists-fmt
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher-for-longer US rates keep the dollar strong, raising import costs for dollar-priced feed ingredients in Malaysia and other emerging markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-13 | [Expect US dollar to continue rising against ringgit, say economists \| FMT](https://feedsoft.ai/events/63307-expect-us-dollar-to-continue-rising-against-ringgit-say-economists-fmt.md) | -0.5% | +0.2% |
| DXY | 2025-05-29 | [Ringgit slips against US Dollar as fed seen delaying rate cuts](https://feedsoft.ai/events/24947-ringgit-slips-against-us-dollar-as-fed-seen-delaying-rate-cuts.md) | -0.8% | -1.9% |
| DXY | 2022-06-18 | [Ringgit slump due to external factors, economists say \| MalaysiaNow](https://feedsoft.ai/events/41232-ringgit-slump-due-to-external-factors-economists-say-malaysianow.md) | -0.9% | +1.0% |
| DXY | 2026-06-30 | [Ringgit slides as cautious markets await key US economic data \| Malay Mail](https://feedsoft.ai/events/19065-ringgit-slides-as-cautious-markets-await-key-us-economic-data-malay-mail.md) | -0.1% | -0.3% |
| DXY | 2016-12-14 | [US raises key interest rate by 0.25% on strengthening economy - BBC News](https://feedsoft.ai/events/5969-us-raises-key-interest-rate-by-0-25-on-strengthening-economy-bbc-news.md) | +1.6% | +0.9% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/highlight/2024/05/03/delay-in-us-rate-cuts-bad-news-for-ringgit-say-economists

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.