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
Consumer prices are rising more slowly The Federal Reserve last lowered the key interest rate in March 2020 – to stimulate the economy in the early stages of the corona pandemic. After that, interest rates initially remained at zero – until the Fed began raising rates at a record pace in March 2022 and raised … Read more
The US Federal Reserve is about to make its first interest rate cut in more than four years. Analysts expect the Fed to lower the key interest rate by 0.25 percentage points or even 0.5 percentage points. It is still in a range of 5.25 to 5.5 percent – the highest level in more than … Read more
Promises live on, even if they are not kept. The European Central Bank (ECB) promises the 350 million people in the monetary union that their euro will be worth as much tomorrow as it is today. This is written immutably on its website, as if the past three years had never happened. During this period, … Read more
The interest rate on the most popular U.S. mortgage fell to a 16-month low after Federal Reserve Chairman Jerome Powell signaled last week that the central bank is willing to cut borrowing costs next month to prevent the labor market from weakening further. The average interest rate on 30-year fixed-rate mortgages fell 6 basis points … Read more
Jackson Hole. Ahead of a meeting of bankers in Jackson Hole, Wyoming, Federal Reserve policymakers said Thursday that with inflation well below its peak, they are paying close attention to the U.S. labor market in gauging when to start cutting interest rates, with one saying they should act “soon.” “I think it’s appropriate to start … Read more
Interest rates on popular U.S. mortgages fell to a 15-month low last week after the Federal Reserve signaled it could begin cutting its policy rate in September and a shift to the downside in the labor market reinforced financial market bets that borrowing cost cuts would be significant. The Mortgage Bankers Association reported Wednesday that … Read more
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