The turn of the global monetary policy cycle this year, with rate cuts in the US, Eurozone, and other major economies, has significantly contributed to investor confidence and a relatively benign global macro and credit environment, according to Fitch Ratings in its latest Risk Headquarters report. However, geopolitical and political risks, deflationary pressures in China,
The US Federal Reserve has cut its interest rate by 50 basis points, bringing the target overnight rate to 4.75%-5.00%. Fed Chair Jerome Powell stated that inflation and employment are now more balanced. “Inflation is much closer to our target, and we are increasingly confident that it is moving sustainably toward 2 percent,” Powell said
Crude oil prices have seen an uptick at the start of this week, following a previous week of losses, as escalating violence in the Middle East stokes concerns over supply. Additionally, signals from the US Federal Reserve hinting at possible interest rate cuts next month have influenced market movements. Brent crude was trading above $79