US Fed may need to raise rates more quickly
Washington - Arab Today
US central bankers say they may need to raise interest rates faster than planned, noting "considerable uncertainty" about the expected fiscal stimulus policy of Donald Trump, according to the minutes of the Fed's final 2016 policy meeting released Wednesday.
A Trump stimulus package could boost demand above sustainable levels, "potentially necessitating somewhat tighter monetary policy than currently anticipated," many participants in the December 13-14 meeting said.
But they "agreed that it was too early to know what changes in these policies would be implemented and how such changes might alter the economic outlook," according to the minutes.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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