Most Gulf markets fall on Fed rate cut concerns

The Fed's decisions have a significant impact on monetary policy in the Gulf as most of the region's currencies are pegged to the U.S. dollar. Most Gulf stock markets fell on Sunday after U.S economic data and comments from Federal Reserve officials pointed to a slower pace of interest-rate cuts. Investors increased bets on the Fed leaving interest rates unchanged at its December meeting and dialled back expectations for easing in 2025 (Read more at ZAWYA).