The Fed’s 0.5% rate cut puts UAE homebuyers in line for lower mortgage rates and an affordability boost
Federal Reserve
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Federal Reserve
Federal Reserve cuts rate by half a point, focusses on job growth
US Federal Reserve announces first rate cut in more than four years and seen as a step towards fostering the job market
Federal Reserve
Federal Reserve meet minutes signal concern over stalling inflation progress
The policy makers’ concerns seemed to have gained more credence after the release of data on Wednesday that showed another surprise jump in inflation
Federal Reserve
US economy cools as consumer inflation slows to 3.1%
The decline in inflation is attributed to falling gas prices, with the gasoline index dropping by 6.0 percent
consumer price index
US inflation dips to 2-year low
The data by the country’s Labour Department showed the Consumer Price Index grew at an annual rate of 3 percent – smallest since March 2021
Federal Reserve
UAE Central Bank holds benchmark rate as US Fed pauses tightening cycle
Central Bank of the UAE keeps benchmark rate unchanged as US Fed halts tightening cycle amid inflation concerns
CBUAE
Interest rates unchanged in UAE following US Federal Reserve announcement
CBUAE maintains rate at 5.15 percent; Fed finally hit a pause in the US but projections say more hikes coming before the end of year
Central Bank
UAE, Saudi, Qatar and Bahrain central banks hike interest rates following US Fed 0.25% raise
UAE and Saudi follow US in raising interest rates
China
Oil prices edge higher on falling US inventories, China data
Brent crude futures gained 7 cents to $84.84 a barrel, while West Texas Intermediate US crude was up 3 cents to $80.89 a barrel
Central Bank
UAE, Saudi, Bahrain and Qatar Central banks raise interest rates after Fed hike in US
UAE and Saudi Arabia join Gulf central banks in interest rates increas
Federal Reserve
Saudi Arabia sees $20bn orders for new dollar bonds
Saudi Arabia sees huge investor orders for triple-tranche dollar bond
crypto business
‘Cryptocurrency is nonsense’ says Fed President Kashkari
Federal Reserve Bank of Minneapolis President Neel Kashkari has lambasted the very notion of cryptocurrency
Federal Reserve
Saudi Central Bank raises interest rates by 0.75% following US Federal Reserve hike
The move by the Saudi Arabia was reflected by banks across the GCC as central banks raised benchmark rates to maintain their currency’s pegs to the US dollar
Central Bank of the UAE
UAE Central Bank raises interest rates by 0.75% following US Federal Reserve hike
The UAE Central Bank has raised its benchmark borrowing rate following a similar move by the US Federal Reserve.
Federal Reserve
US Federal Reserve raises interest rates by 0.75% to fight inflation
Federal Reserve officials signalled their aggressive campaign to curb inflation could be entering its final phase even as they delivered their fourth straight 75 basis-point interest-rate increase.
equities
Traversing the current market chaos: Benefits of seeing the glass as half full
As the equity markets ponder the possibility of a deeper and more protracted downtrend, Vijay Valecha, the chief investment officer of Century Financial, highlights key themes and opportunities that you can still tap into
Abu Dhabi economy
Why US inflation is a worry for Abu Dhabi’s Mubadala
Global markets have been thrown into turmoil in recent weeks, partly due to concerns about persistently high inflation