Exchange rate: Why prices of goods will remain high, despite Naira appreciation

Vanguard News— There are indications that prices of goods and services may not come down soon despite the speedy appreciation of Naira against major foreign currencies in recent weeks.

The Independent—Fed not cutting interest rates, inflation remains at 23-year high. The central bank said that economic activity had continued to expand ‘at a solid pace’ but there had been a ‘lack of further progress’ towards its inflation objective

The Irish Times—Inflationary picture remains 'mixed' for services firms despite falling input prices. AIB's latest purchasing managers index points to further growth in April albeit at a slower pace.

CNET—Fed Meeting Update: Interest Rates Will Stay High Until Inflation Cools. Expect to pay more for mortgages and credit card interest through at least the end of 2024.