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Fed officials noted that the path toward looser monetary policy has become shorter
Brent futures, the global oil benchmark, rose 32 cents, or 0.4 percent, to $85.40 per barrel
Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting
Reserves increased on a monthly basis by 3.5 percent from AED19.615 billion in March 2024
Fed Chair Powell expressed confidence that inflation is returning to the central bank's target of 2 percent
Brent crude futures fell 21 cents, or 0.25 percent, to $84.64 per barrel
Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool
The Central Bank has added more than AED176 billion to its foreign assets within a year
Gold prices surged above the $2,400 level after data showed unexpected decline in U.S. inflation
Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel
Traders are currently pricing in a 46 percent chance that the Fed will cut rates twice by the end of the year
Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel
Global physically backed gold exchange-traded funds saw inflows for the second month straight in June
The remittances in May 2023 amounted to around $1.6 billion, as reported by CBE
Recent weak U.S. economic data has raised the market's hopes for two interest rate cuts by the end of the year
Unemployment reached a 2.5-year high of 4.1 percent, signaling a softer U.S. labor market
If the non-farm payrolls data declines, investors will likely raise their expectations of a September Fed interest rate cut
Brent crude futures were down 48 cents, or 0.55 percent, at $86.86 a barrel
The dollar index declined 0.06 percent to 105.34, making greenback-priced bullion cheaper for other currency holders
This marks first decrease in months as disinflation process begins
As of the end of June, the country’s foreign reserves stood at $412.21 billion
Fed Chair Jerome Powell said on Tuesday the U.S. was back on a 'disinflationary path' but policymakers remain cautious
Brent crude futures for September delivery rose 0.2 percent to $86.41 per barrel
Fed chair Jerome Powell's speech later today to provide insight into the U.S. interest rate outlook
