Economic activity in the United States maintained its growing pace with a “slight expansion” in March, the Federal Reserve (Fed, central bank) in its monthly economic situation report, known as the “Beige Book.” “Overall economic activity expanded slightly, overall”the Fed said in its summary of the state of the US economy. Ten of the 12 […]
Tag: Fed
Fed predicts that inflation will stagnate and will take time to fall to the target
The Federal Reserve The US (Fed) predicted this Wednesday that inflation will remain stable without major changes in the future, which reinforces the forecast – materialized in recent weeks by the economic data of USA– that the reduction in interest rates will take longer than expected. The organization noted in its Beige Book that the […]
Powell: Fed will keep high inflation rates “for as long as necessary”
Recent inflation data indicates it will likely take longer for the Federal Reserve to achieve the confidence needed to lower interest rates, Fed Chairman Jerome Powell said. Lowering inflation will be a longer battle than expected, admitted the president of the Federal Reserve, Jerome Powellthis Thursday, thus reducing the chances of an upcoming interest rate […]
Inflation does not let up in the US and the dollar in Peru climbs to S/3.7180
Contrary to what international markets expected, March inflation in the US worsened and stood at 3.5%, once again far from the target range and three tenths above the previous interannual record of 3.2% that was achieved in February . The high price of gasoline and mortgages fueled the Consumer Price Index (CPI), according to the […]
US inflation in March could affect interest rate decision
A new rise in inflation in March in the United States could definitively remove the prospect of an interest rate cut by the Federal Reservethe US central bank, at its June meeting. Long awaited by the markets, the reduction in interest rates would be a relief for many companies dependent on credit for their development, […]
Fed Chairman assures that they are in no hurry to cut interest rates in the US
The president of the Federal Reserve (Fed)Jerome Powell reiterated this Friday that they are in no hurry to cut the interest rate this year, during an event in California (USA) Powell assured that such action will not be taken until he sees “better inflation readings” and is more confident that annual price increases are falling […]
Fed keeps its rate at its highest level in 23 years
The United States Federal Reserve (Fed) chose to keep the reference rate unchanged for the fifth consecutive meeting, keeping it at the level of 5.25%-5.50% reached in July 2023. The above, according to Sura Investments, was completely discounted by investors, and was also accompanied by the quarterly update of the institution’s economic projections for the […]
Exchange rate: dollar closes lower at S/3.6940 this Wednesday, March 20, 2024
The dollar exchange rate closed lower again and stood at S/3.6940 this Wednesday, March 20, according to the Central Reserve Bank of Peru (BCRP). The day before, the North American currency had closed its day at S/3.7035 and then progressed to the opening of S/3.7020 this Wednesday, according to the highest issuing entity. In this […]
FED begins new meeting without room to lower rates due to high inflation
The members of the Federal Open Market Committee of the Federal Reserve (FED) American begin their March meeting this Tuesday, in which, as the institution had warned, no changes are expected, due to the persistence of the high inflation. In their last meeting, which took place on January 30 and 31, it was decided to […]
Dollar in Peru: why does the exchange rate continue to fall and how much would it close in 2024?
After ending 2023 with a downward trend, the dollar has maintained a new appreciation this year with some falls in recent days. For example, this Wednesday, March 13, the exchange rate fell 0.27% compared to the day before and It closed at S/3.6740, according to the exchange session of the Central Reserve Bank of Peru […]