Lates News

As geopolitical pressures and uncertainties persist, First Abu Dhabi Bank expects that the main macro risk this week will remain the Middle East conflict and its impact on energy markets, inflation expectations, and the global interest rate outlook. Simon Ballard, the bank's chief economist, said markets will also focus on relevant remarks from Federal Reserve officials for more clues on the future rate path. He noted in a report that, given that the Fed's rate hike decision this month passed unanimously by a 12-0 vote, any signals regarding the policy outlook will become especially important for portfolio allocation.