Washington. United States economic growth accelerated in the second quarter thanks to the strength of consumer spending, the government confirmed this Thursday. The Gross Domestic Product (GDP) of the world’s largest economy increased at an annual rate of 3.0 percent last quarter, the Bureau of Economic Analysis of the Department of Commerce reported on Thursday … Read more
Mexico City, After the United States Federal Reserve (Fed) inaugurated the cycle of lowering interest rates with a cut of 0.50 percentage points, the global stock markets, mainly the US ones with maximum levels, applauded that the US central bank will be capable of a “soft landing” for the world’s largest economy, moreover, will boost … Read more
Mexico City. At mid-day on Thursday, the Mexican peso extended its appreciation against the dollar. The Mexican currency has appreciated 0.97 percent against the US currency, trading at around 19.5934 units per dollar. Amid confirmation that the European Central Bank (ECB) cut its interest rates by a quarter of a percentage point to 3.5 percent, … Read more
Washington. The U.S. economy grew faster than initially expected in the second quarter on strong consumer spending, while corporate profits rebounded, which should help sustain the expansion. Gross domestic product (GDP) grew at a 3 percent annualized rate last quarter, the Commerce Department’s Bureau of Economic Analysis reported Thursday in its second estimate of second-quarter … Read more
The gross domestic product (GDP) of the United States, Mexico’s main trading partner, grew 3 percent in the second quarter of the year, exceeding the first estimate, which had been 2.8 percent, reported the Bureau of Economic Analysis (BEA). The improvement was explained by the fact that personal consumption rose 2.9 percent instead of 2.3 … Read more
Washington. Inflation in the United States remained stable at 2.5 percent in July over the 12 months, and there is growing prospect that the Federal Reserve will cut interest rates in mid-September. PCE inflation, the Fed’s preferred index, nevertheless posted a rebound on a month-over-month basis between June and July, rising to 0.2 percent from … Read more
Washington. Federal Reserve officials were strongly leaning toward a rate cut at their September policy meeting, with several even reportedly willing to immediately lower borrowing costs, according to minutes from the latest meeting. U.S. central bank policymakers kept rates unchanged at the Federal Open Market Committee meeting on July 30-31, but opened the door to … Read more
Jackson Hole. Federal Reserve Chairman Jerome Powell said Friday that “the time has come” for the U.S. central bank to cut interest rates as rising risks to the labor market leave no room for further weakness and inflation is near the Fed’s 2 percent target. This provides explicit support for an imminent easing of monetary … Read more
NY. Undocumented migrant workers in the United States paid $96.7 billion in taxes in 2022, according to a study released in the midst of the electoral campaign for the November elections in which migration is one of the most divisive issues. Every million undocumented migrants residing and working in the country contributed $8.9 billion to … Read more
Washington. The US financial system grew greater than anticipated within the second quarter of 2024, 2.8 p.c on an annualized foundation, in contrast with 1.4 p.c within the first quarter, based on the primary estimate from the Commerce Division, printed on Thursday. Analysts had anticipated stronger development within the second quarter of the 12 months, … Read more