Staff economists at the United States Federal Reserve (Fed) have projected that the recent banking turmoil will trigger a “mild recession” later this year. Following a crisis of confidence in banks,
Tag "US Federal Reserve"
The United States Federal Reserve (Fed), on Wednesday, raised its benchmark interest rate by 25 basis points to a target range of 4.5 percent to 4.75 percent. This is the
JP Morgan, American investment bank, says it has delisted Nigeria from the list of emerging market sovereign recommendations that investors should be ‘overweight’ in. The development comes from the country’s
Lukman Otunuga, research analyst at FXTM, says the Central Bank of Nigeria (CBN) would likely cut interest rates further if macro economic conditions in the country improve. Otunuga was reacting
Lukman Otunuga, FXTM research analyst, says the naira will not benefit from a weakening dollar if oil prices keep declining
It has certainly been an explosively volatile trading quarter thus far as investors juggled with global trade tensions, dollar strength
Despite a relatively hawkish statement from the federal reserve on Wednesday, the dollar edged lower against its major peers early Thursday. The
The Dollar edged lower on Thursday following August’s disappointing US retail sales report which thoroughly dampened expectations over the Federal Reserve raising
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