PAUL OGBUOKIRI reports that the plan by Federal Government and the Nigerian Exchange Limited (NGX) to issue Dollar denominated bond is exciting to some Nigerians. The move is to shore up Nigeria’s foreign reserve (FX) and stabilise the…
On Wednesday, Gold prices rose slightly to $2,288 during the Asian trading session. The uptick was influenced by global investors’ caution regarding the Federal Reserve’s policy meeting and upcoming key economic indicators.
Federal Reserve Chairman Jerome Powell's remarks hint at a more patient and cautious approach to monetary policy, suggesting interest rates may hold steady longer than anticipated
The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2…
On Wednesday, the Federal Reserve voted to keep interest rates steady and postponed anticipated rate cuts stemming from elevated inflation across the U.S., which remains above the central bank’s 2% threshold. The Federal reserve’s Federal…
Last night, the Federal Reserve’s decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to…
Renowned investor Ray Dalio has lent his voice to the growing concern over the Federal Reserve’s policy decisions. Dalio’s remarks align with those of former U.S. Treasury Secretary Larry Summers, who has been cautioning against potential…
The Federal Reserve acknowledged a recent setback in its inflation fight but said it was more likely to keep interest rates at their current level for longer than to raise them again.
Fed chief Jerome Powell (pictured) said a hike was 'unlikely' but made clear that if inflation continues to move 'sideways' rates will not be coming down.
WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing…
The Federal Reserve will keep its benchmark rate steady, a sign that inflation has not yet come down to the targeted rate. CBS News' Jill Schlesinger and Jo Ling Kent look ahead to what this means for Americans.
The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing sustainably to its 2…
On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains…
NEW YORK — U.S. stocks are holding relatively steady after the Federal Reserve said Wednesday it would keep its main interest rate at the highest level since 2001, just as markets expected.