US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest rates. The October increase puts a slight spanner in the works of the Federal Reserve, which recently began lowering interest rates in response to easing inflation.| Legit.ng - Nigeria news.
The Nigerian currency, the naira sank to its lowest in the official foreign exchange market on Tuesday, November 12, 2024, closing at N1,689.44 per dollar.| Legit.ng - Nigeria news.