Sun, November 3

Nigeria’s Interest Rates Under Pressure After Fuel Price Surge

The recent hike in the petroleum price by 45% might continue to put pressure on the Central Bank of Nigeria to pause the interest rate hike meeting scheduled this month.   The central bank has raised its interest rate by 15.25 percent since 2022, taking it to a record of 26.75%

September 5, 2024 2 mins read

Is Bitcoin Dropping Below $65K a Sign of Further Decline in August?

The Bitcoin (BTC) market displayed selling pressure soon after the US Federal Reserve’s meeting on Wednesday, July 31. The cryptocurrency’s value fell by 6% and landed in the $63,000 zone. This drop marks the first time Bitcoin has slipped below $65,000 since July 25, according to CoinMarketCap data. Federal Reserve

August 1, 2024 2 mins read

Crypto Market Under Pressure, Investors Eyes Turn to April CPI Report

Inflation concerns persist as the U.S. Bureau of Labor Statistics gears up to unveil the April Consumer Price Index (CPI) data on May 15. The projections suggest that April’s CPI could range between 3.3% and 3.4%, the figures could amplify worries about inflation running higher than the Federal Reserve’s target

May 13, 2024 1 min read

US Fed Keeps Interest Rates Unchanged, Bitcoin Hits 17-Month High

The US Federal Reserve made a significant decision during its policy meeting from October 31 to November 1. Despite the US economy’s resilience and persistently high inflation above the Fed’s 2% target, the central bank chose to keep interest rates steady at their current 22-year high. This decision marks the

November 2, 2023 2 mins read

Fed’s Interest Rate Update Might Trigger Bitcoin (BTC) Rally

The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) is set to announce its stance on interest rates this Wednesday. Analysts widely predict that the FOMC will maintain the target range for the federal funds rate at a historic 5.25%–5.5%, marking a 22-year high. Fed Chair Jerome Powell also recently

September 20, 2023 2 mins read