interest rate
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
Traders expect the CPI report to show that inflation is nearing the Fed's 2 percent target
Traders expect the inflation data to reflect further disinflation which will support a rate cut by the Fed
The MPC noted that domestic real GDP growth had moderated to 2.2 percent in the first quarter of 2024
Oman’s credit reaches $81.56 billion in July 2024, marking 3.8 percent yearly increase: Central Bank
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
China's central bank held back on buying gold for a fourth month in a row in August, according to official data
Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel
Brent was on track to drop nearly 8 percent this week, while WTI was headed for almost a 6 percent decline
The possibility of a 50-basis-point rate cut by the Federal Reserve this month has risen from 34 percent last week to 41 percent
Traders are on the lookout for the ADP employment report and jobless claims data due later in the day
