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Rate-hike wagers rebuild across the Fed, BOE, and ECB
An oil spike has flipped the easing narrative. Traders are wagering the Fed unwinds last year’s cuts, with the BOE…
Kevin Warsh kicks off era as Fed chief with a rate hold and a makeover
Warsh kills forward guidance and launches a massive review of the Fed’s public communications framework
UAE’s non-oil sector saw slight improvement in May, but softening demand is still weighing on firms
Positive sentiment around a potential agreement from the US and Iran helped boost the recovery
Dubai inflation hits 4.8% as fuel and food costs filter deeper into the economy
Transport, food, and logistics costs surged
Non-oil sector takes another hit in April amid soaring prices, supply chain disruptions
The PMI is inching closer to contraction territory, though businesses are optimistic on demand over the next year
Fuel prices spike as much as 72.4%
The increases are set to lead to more inflation, especially given diesel’s central role in freight and agriculture
BMI expects economic growth to fall by at least 0.2-0.3 percentage points if the war persists through April
Higher energy prices will hit energy-importing countries the most, and consumption will take a hit amid rising prices
Business activity across the world is already reeling from the impacts of the war
That’s why economists are increasingly using one word to describe what’s happening: stagflation
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