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Nahyan bin Mubarak: The Nation's Fund Supports Building Skills Across Generations

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Nahyan bin Mubarak: The Nation's Fund Supports Building Skills Across Generations

Global stocks stabilize as ASM results boost markets and interest rate concerns diminish

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Global stocks stabilize as ASM results boost markets and interest rate concerns diminish

G7 and European Union Call for Immediate Ceasefire in Sudan and Protection of Civilians in Al-Obeid

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G7 and European Union Call for Immediate Ceasefire in Sudan and Protection of Civilians in Al-Obeid

JPMorgan allocates $24 million to support the American shipbuilding industry

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JPMorgan allocates $24 million to support the American shipbuilding industry

Sudan estimates $9 billion in losses to electricity sector due to war

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Sudan estimates $9 billion in losses to electricity sector due to war
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Federal Reserve Head in New York: Inflation Peak Reached, Allowing Interest Rate Stabilization

Federal Reserve Head in New York: Inflation Peak Reached, Allowing Interest Rate Stabilization

The President of the Federal Reserve Bank of New York, John Williams, stated that there are indicators suggesting that inflation has peaked, which allows the central bank to hold interest rates steady despite market expectations of future increases. He explained that inflation is projected to decrease to around 3.25% by the end of the year, then gradually decline to 2% by 2028. He pointed out that some factors that contributed to price inflation, such as oil prices, war, and tariffs, are showing signs of diminishing impact. He confirmed that the labor market is no longer a source of pressure on inflation, and that the current stance of monetary policy is appropriate to achieve the sustainable inflation target of 2%.

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