Naira faces fresh risk as Fed hikes interest rate by 50bps - Guardian Nigeria

For the first time in 22 years, the Federal Open Market Committee (FOMC), a rate-fixing committee within the Federal Reserve System, has raised the interest rate by 50 basis points, as a continuation of its aggressive effort to rein in inflation.

For the first time in 22 years, the Federal Open Market Committee (FOMC), a rate-fixing committee within the Federal Reserve System, has raised the interest rate by 50 basis points, as a continuation… [+2736 chars]

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