El-Erian says probability of Fed’s Sept rate hike is well below traders’ thought
Economist Mohamed El-Erian on Friday told CNBC the probability of a rate hike by the U.S. Federal Reserve in…
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interest rates
Dollar benefits from Powell’s optimism, hits 6-month peak vs yen
Dollar rose across the board on Wednesday, climbing to a six-month high against the yen, after Federal Reserve…
BOE may surprise markets with faster rise in UK rates: official
The Bank of England (BOE) might make interest rates increase faster than the markets are expecting, a member of the…
National Bank of Egypt changes interest rates on savings accounts
The National Bank of Egypt (NBE) has divided interest payments on savings accounts into five tiers on the basis of…
BREAKING: Egypt’s central bank holds interest rates as expected
Egypt’s central bank kept interest rates unchanged as expected on Thursday, following sharp increases in fuel and…
Gold prices fall as Fed signals two more rate raises
Gold prices inched lower on Thursday as the Federal Reserve forecast two more U.S. rate increases this year after…
Asian markets fall after Fed signals more hikes ahead; Kospi leads losses
Asian markets slipped on Thursday after the Federal Reserve raised interest rates, a widely expected move, and…
Wall Street surges 300 points to close above 25,000
Wall Street rose on Wednesday as bank shares rallied on higher interest rates, while Boeing inched up.
European shares open in green after US stocks surge
European shares open higher Thursday, boosted by a rally in U.S. stocks on Wednesday and as new governments get to…
Gold inches up, market eyes US-China trade talks, Fed minutes
Gold rose on Wednesday amid a steady dollar and uncertainty over the outcome of U.S.-China trade talks, while…