A section of market participants, however, sees the aggressive easing as a sign of panic, potentially fuelling volatility and uncertainty in financial markets
interest rates
CBUAE
UAE Central Bank cuts base rate to 4.90% following US Fed cecision
The rate, which applies to the Overnight Deposit Facility (ODF), has been lowered from 5.40 to 4.90 percent
inflation
US Fed poised for first rate cut since 2020 amid economic shifts
The two-day meeting, which will begin tonight, is expected to result in a decision to cut interest rates for the first time in over four yeras
European Central Bank
Gold hits record highs on ECB rate cut, US Fed easing optimism grows
The ECB’s decision to implement its second rate cut in three months has fueled investor optimism about declining global interest rates
Bitcoin
Fed rate cut: Cryptocurrency market holds breath for US payroll data as interest rate drop looms
The US’s upcoming jobs report is expected to have a significant impact on the cryptocurrency market, a month after disappointing results led to a market meltdown across the globe
economic slowdown
Is a recession coming in 2025?
Recessions in major economies could reduce oil demand, potentially leading to economic uncertainties in GCC nations, experts warn
interest rates
US manufacturing PMI rebounds slightly to 47.2 in August amid mixed signals
The moderate uptick in factory productions in several industries last month comes
consumer confidence
US consumer confidence inches up in August in yet another data favouring an immediate rate cut
The Conference Board’s consumer confidence index increased to 103.3 this month, the highest level since February, from an upwardly revised 101.9 in July
crude oil price
Oil prices to spike, gold faces high volatility amid potential US Fed interest rate cut
The rebound in oil prices could be short-lived as concerns over demand and a potential supply surplus loomed large
inflation
US Fed policymakers push for interest rate cuts as job market cools
The US central bank is widely expected to begin reducing its benchmark policy rate at its upcoming meeting on September 17-18
Bank of England
UK real estate sees surges in buyers after Bank of England cut interest rate from 16-year high: Report
Financial markets on Friday priced in at least one, and probably two, further quarter-point rate cuts this year
inflation
Fed officials confident inflation is cooling enough for interest rate cuts
Experts believe inflation is headed to the Fed’s 2% goal in light of recent “encouraging” data
inflation
India’s RBI holds key interest rate steady at 6.5%
Industry players in several sectors, including real estate, described the RBI move as positive
Financial Market
Markets meltdown: Global stocks plummet amid recession fears, Fed policy conerns
The sell-off, which began last Friday following disappointing US jobs data, has since spread to markets across Europe, Asia, and the Middle East
Financial Market
Markets meltdown: Is a recession coming?
The current market turbulence has raised alarm bells among investors, who fear that the world’s largest economy may be teetering on the brink of recession
Financial Market
Markets meltdown: Calls for emergency US Fed rate cut amid turmoil
“It would be beyond negligent for the Federal Reserve not to announce an emergency interest rate cut in response to the global rout in stock markets,” deVere Group CEO says
interest rates
US Fed holds interest rates steady, nods to possible September cut
The decision was broadly in line with Wall Street estimates and market analysts