50% cut in Fed’s interest rate to spur foreign investment inflows

Tribune Online50% cut in Fed’s interest rate to spur foreign investment inflowsJPMorgan’s top economist, Michael Feroli, believes the Federal Reserve should cut interest rates by a half point this month and this has potential to increase investment inflow to emerging markets including Nigeria. Traders are pricing in a 39 percent chance that the Fed’s target range for the federal funds rate will be lowered by a [...]50% cut in Fed’s interest rate to spur foreign investment inflowsTribune Online

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