Research Reports

U.S. Fed Raises Rate, GCC Countries mostly follow

December 14 , 2017

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Executive Summary

On back of solid economic growth and job gains, U.S Federal Reserve raised its key benchmark interest rate, the federal funds rate, by 25 basis points to a range of 1.25% to 1.50%, marking the fifth such move in its tightening series that started in December, 2015.

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