“Black Rock” for Arabic: Market uncertainty culminates in a question: who will rule the “Federal” next year?

In an interview with Al Arabiya, BlackRock director and investment expert Karim Shadeed felt that transient inflation would have the ability to stay in vigor for a longer period, up to 12 months.

He strongly put in guard against the importance of taking this period in estimating the impact of inflation, which reflects high levels of inflation Prices of goods and services to consumerson the performance of the financial markets.

Regarding the rise in US interest rates, Shadid said markets are receiving mixed signals from the Federal Reserve (the US central bank). in on the date and pace of interest rate increases, with estimates that will decline by 1% next year.

He felt that, “To some extent, it depends on whether Jerome Powell will remain at the head of the Fed, or will be replaced by another candidate for the position, who is less willing to raise interest rates, as well as look at the indicators of the Fed. US inflation to be released today, in particularly the wages of residential houses “.

It is highly anticipated that next year, in the financial markets, property rights will be in a less positive environment than questyear, due to uncertainty.

The dollar moved against major currencies on Wednesday, having weakened over the past three days, and traded near a one-month low against the yen as investors await U.S. inflation data to get an idea of ​​when. the Fed will raise interest rates.

The safe haven yen also benefited from the pull of global equities from a peak record, since oil prices in increase fueled inflation fears. The fears of a possible contagion of the crisis in the real estate market in China have fueled the search for asset safer.

The dollar fell slightly to 112.83 yen, threatening to return to Tuesday’s low of 112.73, a level last seen on 11 October. The dollar index, which measures the greenback against six competitors, returned to 94.053 after falling from its highest level in more than a year at 94.634, reached briefly on Friday.

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