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Investor focus now shifts to the Fed's latest policy meeting minutes due on Wednesday and inflation data due on Friday
Traders are currently pricing a 95.7 percent chance of a 25-basis-point rate cut in November
Dubai's PMI signaled a robust expansion in business conditions across the non-oil private sector last month
Amid the uncertain global economic and geopolitical landscape, bullion posted its best quarterly gain since 2016 on Monday
Market attention turns toward comments from both Fed chair Jerome Powell and Fed governor Michelle Bowman later today
UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and finance
Market focus now shifts to the U.S. core personal consumption expenditures price index data due later today
Market awaits Federal chair Jerome Powell's remarks due later in the day, along with U.S. inflation data due on Friday
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
