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Fed Chair Jerome Powell expects inflation to rise this summer due to ongoing tariffs
Gold prices soared as U.S. trade tensions prompted safe-haven demand among investors
Oman’s government debt burden fell to 35.5 percent of GDP, continuing an improvement trend since 2020
Annual headline inflation decreased to 15.3 percent during Q2 2025
The growth is driven by a robust performance in non-oil sectors
Investors are now awaiting the non-farm payrolls report on Thursday, which is expected to show an addition of 110,000 jobs in June
When asked whether July was too soon for a rate cut, Powell responded that he "can't say"
Rising tariffs and inflation pose significant risks to economic stability in the coming years
Economic policies effectively managed inflationary pressures, contributing to stability in the region
The U.S. dollar fell to its lowest level since March 2022, making gold less expensive for holders of other currencies
In the Asian stock market, Japan’s Nikkei rose 0.3 percent and Taiwan’s benchmark climbed 1.09 percent
Real GDP growth is projected to rise from 2.4 percent in FY2023/24 to 3.8 percent in FY2024/25, then to 4.2 percent and 4.6 percent in FY2025/26 and FY2026/27, respectively, according to World Bank projections
