Mexico City. Ahead of the financial report from the world’s largest chipmaker, Nvidia, the exchange rate is correcting at the start of the session on Wednesday. The Mexican currency is trading with an appreciation of 1.49 percent, to operate at around 19.4586 pesos per dollar. It should be remembered that yesterday it closed in the … 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
This year’s Jackson Hole symposium has a special feature, as it takes place in the middle of the election season. And the election is undoubtedly a big challenge for independent central banks. This is because the monetary policy makers cannot on the one hand prejudge the outcome, and on the other hand know what the … 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
The president of the council said US Federal ReserveJerome Powell, in a direct message to the markets in a keynote speech on Friday, said “the time has come” for the central bank to start lowering interest rates. Speaking at the Federal Reserve Bank of Kansas City’s annual economic conference in Jackson Hole, Powell said: “It’s … Read more
Federal Reserve Chairman Jerome Powell is expected to make important comments regarding the economic outlook next Friday at the annual Kansas City Economic Conference to be held in Jackson Hole, Wyoming. The annual gathering of global central bank governors will give Powell an opportunity to present the latest trends in the US economic path and … Read more
Mexico Metropolis. Whereas ready for the inflation information in the USA and after the Federal Reserve (Fed) hints that there shall be rate of interest cuts this yr, the greenback is weakening worldwide and the Mexican peso desires so as to add seven periods of positive aspects in opposition to its American counterpart. On the … 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
Washington. The US Federal Reserve (Fed, central financial institution) saved its charges at 5.25-5.50 p.c as anticipated this Wednesday, and its managers level to just one rate of interest minimize this 12 months. On the finish of its two-day assembly, the Financial Coverage Committee (FOMC) additionally revised upward its inflation forecast in america, each for … Read more
US client value knowledge launched on Monday, Could 15, the Shopper Value Index (CPI), the principle measure of US inflation, rose lower than anticipated in April, growing 0.3% from March . That is the primary time in 6 months. This determine signifies a downward pattern in inflation. This raises hopes for future rate of interest … Read more