The CEO of the Corum Center for Strategic Studies, Tariq Al-Rifai, said that there are some statements indicating that the US Federal Reserve will calm the interest rate hike in the next meeting.
Al-Rifai stated in an interview with Al-Arabiya, that money markets You expect to raise interest rates by 25 points, not 50 points.
He explained that the picture is not clear from now until the September meeting, and it was not clear whether the Fed would change its policy or continue on the expected path.
He revealed that the last month witnessed a slight decrease in the inflation rate, explaining that if this decline continues, it will be a confirmation of the effectiveness of the Fed’s policies, and therefore the financial markets must be calmed down.
Al-Rifai believes that the correction cycle in the global financial markets is not over yet, adding that there has been a good performance during the past day.
He continued, “The picture is still not clear in European markets in light of the high rates of inflation, and so far the European Central has not raised interest rates, which increases the proportions of fears and risks in the financial markets.”
