Date:  Wednesday, January 7, 2026 I. Monetary Conditions and Interbank Rates As of early January 2026, major central bank benchmarks and interbank rates reflect the following levels: Federal Funds Rate:  The effective Federal Funds Rate remains at 3.64% . SOFR (United States):  The 30-Day Average Secured Overnight Financing Rate (SOFR) is 3.747% , while the 90-Day Average stands at 3.984% . EIBOR (UAE):  The 3-Month Emirates Interbank Offered Rate (EIBOR) is fixed at 3.629% .

Date:  Monday, December 29, 2025 I. 2025 Global Macroeconomic Recap The 2025 economic landscape was characterized by a gradual moderation in inflation and divergent growth paths across major economies. Growth Outlook:  Global real GDP growth is estimated at 3.0%  for 2025. Advanced economies faced a sharper slowdown, averaging 1.5%  growth. Inflationary Trends:  Global headline inflation is projected to have fallen to 4.2%  in 2025 from 5.7%  in 2024. II. Global Equity Indice

Structural Analysis: Monetary Expectations and Asset Class Dispersion Date: Monday, December 1, 2025 I. Monetary Policy and Global Interbank Dynamics The Federal Reserve's observed stance remains within the established range, with the Fed Funds Rate Effective  registering 3.88%  as of the reporting date, denoting a minor +2 basis point (bps) appreciation  over the prior month [5]. This stability contrasts with the persistent forward pricing of an imminent easing cycle across

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