Waller Calls for Cut Now; Crypto Win With Stablecoin Bill | Horizons Middle East & Africa 07/18/2025

From Bloomberg Markets and Finance.

Federal Reserve officials give conflicting rate cut outlooks for this year, but Asian stocks and Wall Street futures rally on calls for cuts by Chris Waller and Mary Daly, and strong US data. As we enter the final day of the Group of 20 meeting, South African Finance Minister Enoch Godongwana says the G-20 nations are nearing a deal on a communique. The crypto sector gets a major win as Congress passes a bill regulating stablecoins, paving the way for their broader use in finance. Guests include: Mahjabeen Zaman, ANZ, Head of FX Research; and Apostolos Bantis, UBP Investment Specialist, EM Fixed Income

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. 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.

Chapters:
00:05:43 – Mahjabeen Zaman, ANZ, Head of FX Research
00:11:26 – South African Finance Minister Enoch Godongwana: G-20 near deal on communique
00:15:50 – Major boost to crypto as US Congress passes Stablecoin Bill
00:19:31 – Israel halts airstrikes on Syria as sectarian clashes ease
00:25:45 – Polls indicate defeat for Japan’s ruling party in Sunday election
00:29:04 – Apostolos Bantis, UBP Investment Specialist, EM Fixed Income
00:37:02 – Ghana expected to cut rates sharply as inflation cools
00:41:10 – Netflix shares fall despite topping estimates and raising FY guidance
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