The US Federal Reserve cut its rate by 50 basis points on Wednesday citing greater confidence in US inflation figures.
![The Saudi economy has boomed amid a rise in global oil prices [Getty]](/sites/default/files/styles/image_156x88/public/2021-12/GettyImages-458328724.jpg?h=4b4c424d&itok=UiZuoI__)
![Al-Jadaan [Getty[]](/sites/default/files/styles/image_156x88/public/media/images/A50D6E65-EB89-417C-B09D-4791D6370F03.jpg?h=d1cb525d&itok=tt4XmSoo "Al-Jadaan [Getty[]")
