Tag: Kuwait

The Fed raised rates by 25bps on 16 September to 3.75–4.00%, its first increase since 2023, and more are likely. The vote was unanimous, and the median projection points to one more hike this year. In a break from precedent, the Fed is hiking in response to energy-driven inflation it would normally look through, a sign that officials now worry prolonged high energy prices will feed into broader inflation…

Why did the Saudi authorities reduce production, despite receiving US advice to the contrary?

Oil recently touched above $70 and continues to hover above $60 today. The uptick is a welcome breath of fresh air into the Middle East (financial) ecosystem. The new cash inflow is and will continue to allow the regional states to underwrite new financing in their banking sectors and evade the 2009-esque fallout as banks today effectively bridge finance regional corporates to 2022 (…or potentially 2023)…