Conditioned by verbal pushback from Fed officials all year and still-sticky inflation and punchy growth readings, futures markets currently price a near zero chance of a first cut at the March 20 gathering and now favour June or July instead

Wall Street’s main stock indices pulled back Friday after a slew of data this week dampened hopes for earlier rate cuts from the Federal Reserve, while European equities held near recent highs.

NEW YORK – The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the U.S. economy remained stable with small pockets of weakness, suggesting the Federal Reserve could keep interest rates higher for longer or reduce the planned number of rate cuts this year.

The ECB kept borrowing costs at a record high this month but said it had made good progress in bringing down inflation

The Egyptian government has finally released 25,000 cars for Egyptians living abroad under the tax-free car import initiative, Minister of Finance Mohamed Maait stated.

These expectations are driven by the anticipated package from the International Monetary Fund (IMF) and partners to Egypt, in addition to the Ras El-Hekma deal