The Federal Reserve decided to keep benchmark interest rates steady but hinted at potential cuts later in the year due to concerns over the impact of tariffs on the economy. The Federal Open Market Committee maintained the key borrowing rate at 4.25%-4.5% and updated their rate and economic projections, while also adjusting the pace of reducing bond holdings in response to ongoing economic challenges. Markets had not anticipated any rate changes at this week’s policy meeting, signaling a cautious approach by the Fed.
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Egypt, Tunisia, Algeria call on Libyan parties to cease escalation, hold simultaneous elections – Middle East Monitor
Summary Egypt, Tunisia, and Algeria called for an immediate end to the escalation in Libya and urged for simultaneous parliamentary and presidential elections during a trilateral meeting in Cairo. The foreign ministers emphasized the need for restraint among Libyan parties amid renewed clashes in Tripoli, highlighting the importance of advancing Libya’s political process and unifying institutions. This meeting aims to reactivate a previously suspended tripartite coordination mechanism to support peace and stability in Libya, with...
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