Fed Chairman Jerome Powell hints at rate cut
Federal Reserve Chairman Jerome Powell has hinted at a possible rate cut in his testimony to the House Financial Services Committee (HFSC), noting that it would be an appropriate move if the trade spat was slowing down the economy. Meanwhile, Nigeria’s equities market was down 0.2 per cent on Wednesday. Robert Omotunde, Head of Investment Research at Afrinvest Securities joins CNBC Africa for more.
Mohamed El-Erian on Fed Policy, Mexico Trade Tariffs
Mohamed El-Erian, chief economic adviser at Allianz, discusses the Federal Reserve's neutral rate and uncertainty from U.S. tariffs on Mexico.
Does Trump have a point about the Fed's rate path?
President Donald Trump’s 24-hour bashing of the Federal Reserve is unlikely, for now, to shake the central bank’s standing among its two key constituencies that matter more: financial markets and Congress.
Payrolls report proves U.S. Economy still on top
American wages unexpectedly climbed in August by the most since the recession ended in 2009 and hiring rose by more than forecast, keeping the Federal Reserve on track to lift interest rates this month and making another hike in December more likely.