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
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
Washington. The Federal Reserve is not going to wait till inflation hits its 2 % annual goal earlier than contemplating a price reduce, U.S. central financial institution Chairman Jerome Powell instructed lawmakers Wednesday. “We have stated that we should not look ahead to inflation to go right down to 2 %, as a result of … Read more
Mexico Metropolis. The Mexican peso, together with U.S. and Mexican equities, are attempting to stay steady, after the rise within the U.S. shopper worth index (CPI) fell by three-tenths to three % in June, the bottom 12-month inflation determine since April 2021. After the US Bureau of Labor Statistics launched the inflation knowledge for June, … Read more