A customer at a wholesale warehouse in Washington in January.MICHAEL REYNOLDS (EFE) Although the global stock market storm that shook the markets last week quickly subsided, concerns about a hard landing for the US economy persist and inflation is in the spotlight. Three indicators, the producer price index – which rose less than expected – … Read more
Federal Reserve Governor Michelle Bowman on Saturday slightly softened her typically hawkish tone, noting some “welcome” progress on inflation over the past two months, though she said inflation remains “uncomfortably above” the central bank’s 2 percent target and subject to upside risks. “If new data continue to show that inflation is moving sustainably toward our … Read more
Just when it seemed that Donald Trump, the Republican candidate for re-election in November, had abandoned the battering rams of inflation and the border to attack the Democrats, brandishing instead identity issues – the blackness of Kamala Harris – the collapse of the stock markets has brought him back to the economic terrain. In several … Read more
With all eyes on the Federal Reserve’s (Fed) monetary policy this week and rising overall inflation in Mexico, the exchange rate in Mexico remains under pressure due to risk aversion among investors. The political and macroeconomic front is taking its toll on the Mexican peso, which depreciated 0.64 percent this morning to trade at around … Read more
Merchants count on the Federal Reserve to carry its short-term rate of interest goal at 5.25-5.5 % subsequent week and wait till September to start a sequence of quarter-point cuts, following contemporary information exhibiting the U.S. financial system regained momentum final quarter. Merchants had beforehand estimated there was a 9 % likelihood the Fed would … Read more
Mexico Metropolis. With political points nonetheless within the foreground and awaiting future steps from the Federal Reserve (Fed), threat aversion stays in higher-risk property. That’s the reason the Mexican peso began the second half of the 12 months with losses in opposition to the greenback. The nationwide forex registered a each day depreciation of 0.43 … Read more
Washington. 12-month inflation in america fell greater than anticipated in Might, to three.3 % in comparison with 3.4 in April, a aid after the rebound initially of the 12 months, in response to the buyer worth index (CPI) revealed this Wednesday. Knowledge from the Division of Labor present that within the month-to-month comparability, in Might … Read more
In this Oct. 7, 2016 photo, a statue of George Washington is seen on Wall Street in New York. The main US stock market indices closed with losses on Tuesday, October 11, 2017 (AP Photo/Mark Lennihan) Wall Street opened this Thursday in green and the Dow Jones Industrialsits main indicator, rose 0.34%, to 38,031 points. … Read more
Mexico City. As expected by global economic agents, the United States Federal Reserve (Fed) kept its reference rates unchanged and continued to delay the long-awaited first rate cut. Given this scenario, the dollar weakened globally, depreciating 0.55 percent, to 105,520 units, according to its DXY weighted index, which measures the behavior of the US currency … Read more
Photograph provided today by the United States Federal Reserve showing its headquarters, the Marriner S. Eccles building in Washington (USA). After a year of falling month after month, US inflation has accumulated two months of increases, a situation that goes against the objectives set by the Federal Reserve (Fed) of controlling prices by raising interest … Read more