Tag: Inflation
Nigerian Citizens Favor Price-Control Policies Over Minimum Wage Hike as Inflation Surges
Rising Inflation Prompts Nigerian Citizens to Advocate for Price-Level Control Nigeria's inflation rate has continued its upward trajectory, reaching 33.95 percent in May 2024, up[more...]
World Bank Raises Concerns Over Nigeria’s Monetary Policy Tightening
The World Bank has raised concerns about the Central Bank of Nigeria's (CBN) monetary policy tightening and its effectiveness in controlling inflation. In the Global[more...]
Federal Reserve Interest Rate Cuts: Diverging Opinions Cause Uncertainty
Economists are divided on the potential interest-rate cuts that Federal Reserve officials are likely to signal for 2024 amid recent inflation figures and slowing economic[more...]
UK Shop Sales Bounce Back as Consumer Confidence Rises
The latest retail data from the UK indicates a significant rebound in shop sales and consumer spending. According to the Confederation of British Industry (CBI),[more...]
Nvidia’s All-Time High Sends Mixed Signals to Stock Market
Nvidia shares hit an all-time high, keeping the stock market steady as the Nasdaq achieved a new record, benefitting retirement accounts. The news of an[more...]
Economists Give Mixed Grades to Australian Treasurer’s Budget
Leading economists from the Australian National University and the Economic Society of Australia have provided mixed assessments of Treasurer Jim Chalmers' third budget. The economists[more...]
Stock Markets React to Nvidia Earnings and Economic Data: Dow Plummets 600 Points
The stock market experienced a tumultuous week as it reacted to a confluence of events, including Nvidia's stellar earnings report, robust economic data, and lingering[more...]
UK Inflation Slower Than Expected, Sterling Hits Two-Month High: BoE Rate Cuts in Jeopardy
The Pound Sterling (GBP) surged to a fresh two-month high at 1.2750 after the Office for National Statistics (ONS) in the United Kingdom reported a[more...]
Nigeria’s Central Bank Raises Benchmark Interest Rate to 26.25%
The Central Bank of Nigeria has announced a significant hike in the benchmark interest rate, raising it by 150 basis points to 26.25%. This decision,[more...]
Central Bank of Nigeria Raises Benchmark Interest Rate to 26.25% in Response to Food Inflation
The Central Bank of Nigeria (CBN) has taken a decisive step to address the challenges of food inflation by increasing the benchmark interest rate to[more...]
