Finance, investment and economic analysis, from Abu Dhabi.
Monetary policy · 11 Oct 2026
A 33-year-old formula is still the benchmark for judging interest rates, and today it points above the Fed's 3.75 to 4% under five of the six versions I tested. The reasons the Fed has not followed it are as informative as the rule itself.
Monetary policy · 10 Oct 2026
The dirham has been fixed to the dollar since 1997. That single choice turns every Federal Reserve decision into a local event, right down to the monthly repayment on a UAE home loan.
Editor's note · 10 Oct 2026
The Aurelian Review is open: analysis of the economy, policy and markets as stories break, with studies, guides and charts anyone can read.