Central Bank
Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed
In April 2024, CBUAE's gold reserves reached $5.54 billion
Challenges remain in education, housing, and hotels
Can the Fed intervene to calm global markets?
Japanese stocks rebounded sharply on Tuesday after their biggest single-day decline since the 1987 Black Monday sell-off in the previous session
U.S. unemployment rate rose to 4.3 percent, signaling a possible weakness in the labor market
Gross credit grew 0.7 percent from AED2.063 trillion in April 2024 to $565.47 billion
Traders priced in a 28.5 percent chance of a larger 50-basis-point rate cut in September
Gold prices rose as support for the safe-haven asset strengthened amid the threat of conflict escalation in the Middle East
Data showed that the bank's net foreign assets in June were around SAR1.670 trillion
If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally
