Fed Holds Rates; Saudi Arabia's Giga Spending | Horizons Middle East & Africa 1/29/2026
Affected assets and topics
Why it 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.
Expected market reaction
Market impact analysis based on neutral sentiment with 80% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 38750
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)
Read the full article on Bloomberg
Original article published by Bloomberg on January 29, 2026. Analysis and insights provided by AnalystMarkets AI.