US borrowing costs hit 19-year high as Fed holds interest rates
Bank’s chair pledges to keep up fight against inflation but decision brings fears the Fed is failing to keep pace
US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to ta
Fed holds interest rates as new Iran tensions raise inflation risks
The Federal Reserve held interest rates steady for a fifth straight time on Wednesday amid mounting pressure on the bank to stay ahead of another war-driven energy price shock. In a 9-3 decision, the Federal Open Market Committee (FOMC) maintained its baseline interest rate at a range of 3.5 percent to 3.75 percent. It
High interest rate, FG borrowings drive rise in pension investments
By Peter Egwuatu Pension assets invested in the Federal Government of Nigeria, FGN, debt securities rose 17.5% Year-on-Year, YoY, to N17.479 trillion in May 2026 from N14.468 trillion in the corresponding period 2025, according to data from the National Pension Commission, PenCom. Financial analysts said the developmen