inflation
Traders now await Fed chair Jerome Powell’s remarks on Thursday and U.S. inflation data on Friday for further policy cues
Market focus this week remains on Fed members' comments and the release of the U.S. PCE data on Friday
Since June 2023, the CBRT has lifted the interest rate from 8.5 percent to 50 percent, a 4,150 basis point increase
Economic outlook is uncertain and the committee is attentive to the risks to both sides of its dual mandate, a statement said
Five categories experienced increases, four saw declines, and three remained stable
This stability positions Saudi Arabia's inflation rate among the most dependable globally
The dollar fell to a one-week low, making gold less expensive for other currency holders
The ECB's meeting precedes the Federal Reserve, which appears ready to start its own rate cuts
U.S. central bank will likely start cutting interest rates next week with traders raising bets for a 25-basis-point cut to 87 percent
The general CPI rose to 231.1 points in August 2024, reflecting a monthly inflation rate of 1.9 percent
Traders expect the CPI report to show that inflation is nearing the Fed's 2 percent target
