Page 38 - UP GENERAL REPORT - JULY 2025
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7/3/25, 9:32 AM Mideast Stocks: Gulf shares muted on tariff uncertainty, Fed rate cut in focus
U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated the U.S. central bank's plans to "wait and learn more" before lowering interest rates.
Market expectations for a July cut inched up to 21.2% from 18.6% in the prior session, according to CME's FedWatch Tool.
The Fed's decisions have a significant impact on the Gulf region's monetary policy, as most currencies there are pegged to the U.S. dollar.
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MARKETS MIDDLE EAST EGYPT EQUITIES
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