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- What is in the new US-UK trade deal?
- OQEP announces net profit exceeding OMR74.9 million
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- Oil Prices Hold Steady on Support from US-China Trade Hopes
08/05/2025 01:38 AST
The US Federal Reserve held its interest rates on Wednesday, as the US central bank continued to pause as officials say they want a clearer picture of the US economy's direction before deciding their next interest rate move.
In a statement, the Federal Open Markets Committee decided to maintain the target range for the federal funds rate at 4.25 to 4.5 per cent. This was the fourth month in a row that the rates have remained the same.
With the labour market weakening, the Fed changed course in September 2024 when it cut the federal funds rate by 50 basis points to a range of 4.75 per cent to 5.00 per cent. The Fed then cut rates by 25 basis points in each of the next two months, before choosing to maintain a range of 4.25 per cent to 4.50 per cent in January 2025.
Khaleej Times
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
09/05/2025
The "breakthrough" US-UK trade deal announced Thursday by President Donald Trump is the first agreement to be unveiled since he slapped steep tariffs on allies and adversaries alike on April 2.
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AFP
09/05/2025
The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the US economic outlook as its policymakers grapple wit
Reuters
07/05/2025
Egypt's non-oil private sector contracted further in April according to S&P Global, while Lebanon saw its economic decline slow across the month.
The north African country's Purchasing Manag
Arab News
06/05/2025
US President Donald Trump on Sunday said the US was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal.
Trump tol
Reuters
05/05/2025
The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how President Donald Trump's stop-start tariff rollout affects the health of the world's l
AFP
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