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US inflation surprise ties Feds hands amid 'recession fears'The latest personal consumption expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge, came in hotter than expected, reinforcing the view that the central bank will be forced to extend its interest rate pause for longer than markets had anticipated. &nbs More… |
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World economy will slow sharply despite US-China tariff truce: FitchThe recent de-escalation in US-China trade tensions has led Fitch Ratings to make broad-based upward revisions to its global growth forecasts compared to the previous Global Economic Outlook (GEO) published in mid-April. But the world economy still faces More… |
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Private credit: The Middle East’s next financial frontierOver the past decade, the private credit industry has experienced robust growth, positioning itself as a crucial alternative to traditional bank financing. Now valued at $2 trillion in assets under management as of April 2024, this asset class has become an indispensable part of global capita More… |
