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US inflation slips in May, boosting hopes of more rate cuts this year despite policymakers signaling one rate cut
Plus: EY’s UK head steps down
Expectations of only one rate cut this year rise as the Fed wraps two-day meeting today
The prediction preceded the Fed’s June meeting, set to end today
Amid election surprises, EM investors are bullish on local debt
Appetite for Turkish, Egyptian, and Latin American debt is on the rise
Central banks are leaning heavier on the USD amid higher interest rates
18% of global central banks are planning to increase their USD allocation over the next 1-2 years
GDP shrinks 1.7% y-o-y in 1Q 2024
Non-oil activity grew 3.4% y-o-y in 1Q 2024
Turkey could levy a tax on stocks
Treasury and Finance Minister Mehmet Simsek said the government is considering a “very limited” transaction tax
The ECB is looking to revive the Eurozone economy with its first rate cut in five years expected today
Some wonder whether it would be a mistake for the ECB to diverge from the US Federal Reserve for the…
Mashreq’s USD 500 mn bond sale meets heavy demand, allows lender to lock in the lowest coupon by a UAE bank in past three years
The issuance was 4.4x oversubscribed
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