Financial markets entered an area of turbulence last week, which started when the Fed’s committee concluded. As expected, the FOMC delivered a ‘hawkish skip’ – they didn’t raise interest rates, but their future projections still include one more hike for 2023, and now only two cuts for 2024,…
Read MoreSome UAE banks have introduced marginal increases to interest rates on outstanding balances and on financial charges for credit cards, said Anita Yadav, the CEO of Global Credit Advisory. Monthly rates on balances have gone up from 2.5-3 per cent in 2022 to 3.25-3.85 per cent. “Banks may…
Read MoreWashington: Analysts expect the US Federal Reserve to pause interest rate hikes on Wednesday as the central bank looks to tame inflation while avoiding a recession, despite a recent energy-fueled rise in consumer prices. After 11 interest rate hikes since March last year, inflation has fallen sharply but…
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