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The Fed wants the unemployment rate to rise, with projections by members of the FOMC—the so-called dot plot—putting the jobless rate at 4.1 percent next year, up from its present level of 3.8 percent.
The latest inflation data came in hotter than expected, and now markets are pricing increased odds of another rate hike in November.
The House of Representatives has invited the governor of the Central Bank of Nigeria (CBN), Godwin Emiefele to justify the payment of over N32.5 billion to
Outflows continue but dropped significantly in the latest week with Refinitiv Lipper reporting $662 million of outflows from municipal bond mutual funds following $2.823 billion the week prior.