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Most Gulf markets fall on Fed rate cut concerns

Summary by WTVB
By Md Manzer Hussain (Reuters) – Most Gulf stock markets fell on Sunday after U.S economic data and comments from Federal Reserve officials pointed to a slower pace of interest-rate cuts. Investors increased bets on the Fed leaving interest rates unchanged at its December meeting and dialled back expectations for easing in 2025. The Fed’s decisions have a significant impact on monetary policy in the Gulf as most of the region’s currencies ar…
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