Business

Sunday, June 14, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Business

Dr Saud bin Abdullah al-Attiyah.

Saud bin Abdullah al-Attiyah appointed board of trustees chairman of Al-Attiyah Foundation

The Abdullah Bin Hamad Al-Attiyah International Foundation for Energy and Sustainable Development has announced the appointment of His Excellency Dr Saud bin Abdullah al-Attiyah as chairman of its board of trustees.Al-Attiyah is a distinguished government leader with more than 20 years of experience in economic policy, fiscal strategy, and public-private partnerships. He currently serves as Deputy Undersecretary for Economic Affairs at the Ministry of Finance, where he oversees economic policy, investment strategy, and public-private partnership initiatives.Throughout his career, he has held senior leadership positions, including director of Economic Policy and Research at the Ministry of Economy and Commerce, director of the Legacy Department at the Supreme Committee for Delivery and Legacy, and head of Economic and Financial Crime at the Ministry of Interior.Al-Attiyah also serves on the boards of several leading national institutions. He has represented Qatar in strategic engagements with the International Monetary Fund, the World Bank, and the Islamic Development Bank.Under the leadership of al-Attiyah, the foundation will continue to strengthen its role as a leading independent voice in global energy and sustainability discussions while advancing the vision established by its founder, the late His Excellency Abdullah bin Hamad al-Attiyah.

An external view of the New York Stock Exchange. A suddenly rocky US stock market confronts a potential wildcard this week: A newly-led Federal Reserve at a ‌time investors are worried that interest rate hikes to fight inflation could dampen enthusiasm for equities.

Newly-led Fed poses markets wildcard for rockier US indexes

A suddenly rocky US stock market confronts a potential wildcard this week: A newly led Federal Reserve at a ‌time investors are worried that interest rate hikes to fight inflation could dampen enthusiasm for equities.Investors are ​eager to see how Fed Chair ‌Kevin Warsh handles his first meeting as head of the US central bank, one of ‌Wall Street's most closely watched ⁠events that frequently leads ‌to sharp moves in asset prices."As we've seen at ‌times in the past, it can be a bit of a challenge for a newer Fed chief to get ⁠the message right, to stick the landing," said Jim Baird, chief investment officer with Plante Moran Financial Advisors. "The market is watching and parsing every word that's said."After torrid runs, major stock indexes have cooled off so far this month. The benchmark S&P 500 was last down nearly 3% from its record closing high from June 2. The Nasdaq Composite had slipped almost 5% from its high that day.Wall Street's "fear gauge," the Cboe Volatility Index this week hit two-month highs, while the major averages were seeing significant daily swings, including sharp gains on Thursday.Technology shares have ​led the declines, just as they drove indexes higher in scorching rallies off the market's low for the year in late March. Investors are wary of an overheated rally amid soaring optimism about AI-driven profits, despite risks that include developments in the Middle East ‌war and its impact on energy prices and ⁠inflation.Investors also will closely ​follow trading in Elon Musk's SpaceX, set to make its market debut on Friday after its ​massive initial public offering.The S&P 500 remains up 8% this year, while the Nasdaq is up 11%.Any potential interest-rate hike by the Fed could present headwinds for equities by raising borrowing costs for consumers and businesses, while also making bonds more competitive investments.While the Fed is widely expected to hold rates steady when it gives its monetary policy statement on Wednesday, investors will be looking for signs of policymakers' views going forward.Warsh was picked by President Donald Trump, who railed at the central bank and prior chair Jerome Powell for not cutting rates more to his liking.But Fed fund futures suggest market expectations that the central bank will increase rates by the end of the year, according to LSEG data.Economic data this week showed ‌US consumer inflation in May increased at its ‌fastest pace in three years. This, along with ⁠recent solid employment data have led investors to think that the Fed will focus on containing inflation, which could mean leaning ⁠more towards rate hikes."Trying to understand the ⁠reaction function of this new administration at the Fed is going to be key," said Marvin Loh, senior global macro strategist at State Street. "If we get that type of a hawkish hold, if you will, I think that that would kind of surprise the market."As part of the meeting, Fed officials are expected to give projections about the path of interest rates and about the economy, including inflation. Investors will also closely scrutinize Warsh's press conference after ​the policy decision on Wednesday."The biggest thing is will the Fed hold, and what's the language around it?" said Marta Norton, chief investment strategist at retirement and wealth services provider Empower. "How does it describe inflation?"Investors will also want to learn Warsh's policy goals and how he might seek to reshape the Fed.For example, Warsh has expressed a desire to pare the Fed's $6.7tn balance sheet, which could cause ripples in markets.Warsh might also seek to change the way the Fed communicates or gives guidance about policy, investors said."If we are more data dependent and we're not getting visibility from the Fed of what they want to do, then I would think every economic release gets a ‌little bit more attention and can ​create a little bit more volatility than we've seen over the last few years," said Jeff Given, head of developed-market fixed income at Manulife Investment Management.