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Fed Holds Rates; Saudi Arabia's Giga Spending | Horizons Middle East & Africa 1/29/2026
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Why This Matters
The Fed has decided to hold interest rates, citing an improving US labor market. Meanwhile, Saudi Arabia is undertaking significant changes to its ambitious projects, and gold, copper, and silver prices have reached all-time highs due to a weaker dollar and rising tensions. African central banks are also set to make key interest-rate decisions this month.
Market Impact
Market impact analysis based on neutral sentiment with 80% confidence.
Sentiment
Neutral
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The Fed holds rates, with chair Jerome Powell pointing to an improving US outlook as the labor market steadies. Also on the show: a massive day of tech earnings, from Meta and Microsoft in the US to Samsung and SK Hynix in Asia; gold, copper and silver hit all-time highs on a weaker dollar and rising geopolitical tensions; Saudi Arabia is ordering sweeping changes across its most ambitious projects; African central banks are kicking off a busy month of interest-rate decisions. Guests include: Parisha Saimbi, BNP Paribas, EM Asia FXLM Strategist; Monica Malik, Abu Dhabi Commercial Bank, Chief Economist. (Source: Bloomberg)
Original article published by
Bloomberg
on January 29, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.