Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points

The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Olayemi Cardoso, stated that the reforms implemented have restored the bank’s credibility and boosted … Read more

UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’

UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s … Read more

JPMorgan CEO Jamie Dimon on Fed Rate Cuts: Bigger Economic Problems Ahead

JPMorgan Chase CEO Jamie Dimon has downplayed the significance of Federal Reserve rate cuts, emphasizing that broader economic forces are at play. He cautioned against focusing too much on the type of economic landing. “Honestly, most of us have been through all that stuff, it doesn’t matter as much,” said the JPMorgan executive. Jamie Dimon: … Read more

Robert Kiyosaki: Bitcoin Price ‘About to Explode’ as Fed Cuts Rates

Rich Dad Poor Dad author Robert Kiyosaki believes that bitcoin’s price is “about to explode” as the Federal Reserve cuts interest rates. He predicted that as interest rates drop, investors should abandon “fake assets” and turn to real ones like bitcoin, gold, and silver. Kiyosaki also highlighted rising inflation, warning of its impact on retirees … Read more

Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’

Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar. His warning about a deepening recession and rising inflation adds weight to concerns about future economic stability. “It’s game over for the Fed,” Schiff stressed. … Read more