#US Federal Reserve

interest rate - US Fed

US Fed maintains interest rates, says more ‘confidence’ needed on inflation before rate cuts

Inflation has now been running below the Fed’s target on a seven-month basis while US economic growth and the job market have remained largely intact

Red Sea shipping

Oil eased ahead of Christmas break on possible future Angola output increase

Brent crude oil futures fell 32 cents, or 0.4 per cent, to settle at $79.07 a barrel

UAE money laundering prosecution office

UAE interest rates unchanged after US Fed announcement

The Central Bank of the UAE has said it would keep interest rates unchanged following a similar announcement by the US Federal Reserve overnight.

israel crisis puts investors on edge

Israel crisis: Global investors on edge

Some investors also expect a widening crisis could prompt safe-haven buying of Treasuries

US Fed

US Fed chair Jerome Powell hints at further interest rate hikes

The key takeaway from Powell’s speech is monetary policy will stay “restrictive” until inflation is moving firmly toward 2 per cent

CBUAE revokes licence of an exchange firm

CBUAE raises interest rates after US Fed resumes rate hike

The US Federal Reserve raised its benchmark interest rates by 25 points to the highest level in 22 years

OPEC

Oil declines amid bank concerns, US caution on stockpile refill

West Texas Intermediate declined toward $69 a barrel after on Thursday

interest rate - US Fed

Gulf central banks raise interest rate based on US Federal Reserve hike

The central banks announced interest rate hikes by 25 basis points

CBUAE launches new website

UAE Central Bank raises interest rate by 75 basis points

The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time

CBUAE raises interest rate as of September 22

CBUAE, Gulf central banks raise interest rates following US Fed rate hike

The US Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point to a range of 3 to 3.25 per cent on Wednesday

Oil eases at week’s open after top central banks warn on rates

Oil eases at week’s open after top central banks warn on rates

Crude prices are on course for a third consecutive monthly drop in what would be the longest losing run in more than two years

Gold steady in Asia with traders digesting cooling US Inflation

Gold steady in Asia with traders digesting cooling US Inflation

Bullion initially jumped on August 10 after the US consumer price index decelerated by more than expected in July

Gold holds drop after US jobs data support rate-hike outlook

Bullion dropped 0.9 per cent as US non-farm payrolls jumped by more than double what economists had forecast

Gold holds gain as traders weigh outlook for Fed tightening path

Gold advances as traders weigh US-China tensions, hawkish Fed

Gold climbed as the dollar and bond yields retreated, with investors assessing US-China tensions and an apparent hawkish turn from the Federal Reserve

Oil extends gains after US crude stockpiles drop, exports soar

Oil extends gains after US crude stockpiles drop, exports soar

West Texas Intermediate futures climbed near $98 a barrel after closing 2.4 per cent higher in the previous session

US Federal Reserve

US Federal Reserve hike leads GCC to follow, but rate paths diverge again

Saudi Arabia, Bahrain and the UAE moved in lockstep with the US central bank, raising their benchmarks by 75 basis points

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold has lost more than $110 in July alone as traders increased bets on a full percentage-point increase in US rates

Gold

Gold slides to nine month low as investors turn to dollar as haven

Spot gold fell 0.5 per cent to $1,725.05 an ounce in Singapore, after falling 0.5 per cent in the previous session

Oil sinks again on recession concerns and rising US stockpiles

West Texas Intermediate fell below $98 a barrel and has shed about 10 per cent so far this week

Key question: Is gold’s rally far from over?

Gold has had a solid run higher throughout 2020

ECB takes major step toward introducing a digital Euro

A central-bank digital currency would allow euro-area residents to place deposits with the ECB directly

Oil slides from five-month high on cloudy demand outlook

OPEC+ also warned at a meeting on Wednesday that the pace of the demand rebound was slower than expected