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The Gulf Tape

Sovereign Flows & Macro

  1. Kaplan Says the Fed-Hike Bet Is Overdone

    Sovereign Flows & MacroRobert Kaplan, Goldman Sachs vice chairman and former Dallas Fed president, said bond markets are overpricing further Federal Reserve hikes, a day after the Fed raised rates to 3.75%-4.00% on September 16, 2026. Because the dirham is dollar-pegged, the UAE's central bank matched the move within a day, showing Gulf funding costs track the Fed's path, not a Gulf-specific one.