Fed’s ‘Higher for Longer’ Message Tumbles Markets | Horizons Middle East & Africa 05/16/2024

The ‘higher for longer’ message from Fed officials sends markets tumbling; we hear from Cleveland President Loretta Mester and JPMorgan’s Jamie Dimon. Also on the show: strengthening ties between China and Russia, our Big Take on Djibouti navigating the Red Sea crisis, and Red Bull F1 driver Max Verstappen talks to us about keeping fans engaged and attracting finance to the sport.

00:00 Introduction
04:19 Loretta Mester, Cleveland Fed President
05:29 Maurice Gravier, Emirates NBD Wealth Mgmt Group CIO
11:51 Putin-Xi strengthen ties
17:30 Jamie Dimon, JPMorgan Chairman & CEO
26:11 Silver shines amid a metals rally
29:45 Max Verstappen, Red Bull F1 Driver
34:46 Bloomberg Big Take: How Djibouti Navigated Red Sea Crisis
39:24 Bloomberg Originals: How Elon Musk’s Starlink is transforming global communication
40:49 Saudi IPO demand continues

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Anchored by Joumanna Bercetche live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. nnesburg.
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