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KLCC Business & Money

Marketplace Morning Report
  • The Federal Reserve’s Open Market Committee starts a two-day meeting on interest rates today. Most of the government data the Fed usually considers when voting on rates isn’t available because of the shutdown. We did get a tardy consumer price index report last Friday, though, and the Fed also produces some data itself. But can that paint a clear enough economic picture? Also: why workplace insurance premiums are likely to climb.
  • From the BBC World Service: During the financial crisis of 2008, the crimes of Bernie Madoff came to light. The ripple effects of his Ponzi scheme — one of the biggest frauds in Wall Street's history — are still being felt today. Now, banking giant HSBC has put aside over $1 billion for litigation related to Madoff. And later, we'll learn more about India's hard-hit carpet industry and a sports betting scandal in Turkey.