Riyadh, Saudi Arabia.Xavierarnau | E+ | Getty ImagesSaudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of higher spending and lower projected oil revenues.Real gross domestic product is...

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024. Kevin Mohatt | ReutersThe Federal Reserve projected lowering interest rates by another half...