The officials of the Federal Reserve They were divided on the need for further interest rate hikes at the central bank’s July 25-26 meeting, according to minutes of the session released Wednesday. At the meeting, “some participantsThey cited the risks to the economy of pushing rates too far, though “most” of those responsible for monetary […]
Tag: Fed
The price of the dollar begins to rise and is located at S / 3.7143 this Tuesday, August 15
He dollar price The day of this Tuesday, August 15, 2023, began upwards and was located at S / 3.7143, according to Bloomberg. This meant an increase of 0.14% compared to Monday’s close when it reached S/3.7090, according to the Central Reserve Bank of Peru (BCRP). At 9.20 am the green ticket in the parallel […]
Price of the dollar today in Mexico: what is the exchange rate at this Monday, July 24?
The price of dollar in Mexico trades in the early hours of Monday on the downside, with markets’ attention focused on the monetary policy meeting of the Federal Reserve This week. The exchange rate is listed at 16,979 pesos per dollar, according to data from the Bloomberg agency. The mexican economy is on track to […]
Fed launches long-awaited instant payment service and modernizes its systems
The Federal Reserve The United States announced on Thursday the launch of a long-awaited service that will aim to modernize the country’s payment system by allowing ordinary citizens to send and receive funds in seconds, 24 hours a day, seven days a week. The service “FedNow”, which it has been working on since 2019, will […]
Price of the dollar today in Mexico: what is the exchange rate at this Thursday, July 20?
The price of dollar in Mexico operates in the early hours of Thursday to the downside, despite the advance of the dollar in international markets, while the attention of the investors began to focus on the monetary policy meeting that will be held next week by the Federal Reserve of USA. The exchange rate is […]
Fed fines Deutsche Bank for slowness in anti-money laundering measures
The Federal Reserve reported on Wednesday that it fined Deutsche Bank and its US subsidiaries $186 million for failing to sufficiently address money laundering and other shortcomings identified by the US central bank. Deutsche Bank must prioritize fixing several of those issues or face sanctions.”additions and escalationssaid the fedwhich imposed additional restrictions and ordered the […]
Morgan Stanley results suffer from “difficult” context; Bank of America grows
The American Business Bank Morgan Stanley published its quarterly results on Tuesday with profits in strong decline of 14% over the same period last year, to US$ 2,000 million, due to a context “difficult” for some advisory activities. “The quarter started with macroeconomic uncertainties and weak client activity, but ended better” at the end of […]
Fed’s Williams says central bank isn’t done with rate hikes yet
The president of the Bank of Federal Reserve from New York, john williamssaid the US central bank has not finished raising its short-term interest rate target, in an interview with the Financial Times published on Tuesday. “We have indicated through our projections and our communications that we believe we still have some way to go […]
Fed Governor Proposes New Standards to Avoid Bank Failure
The governor of the Federal Reserve (FED) and Vice President of Supervision, Michael Barr, proposed on Monday a series of changes in the US banking system, including tougher capital requirements for large and medium-sized banks, with the aim of avoiding new bankruptcies. In a speech at the Bipartisan Policy Center think tank, Barr laid out […]
Fed officials say end of rate hike cycle is near
The Federal Reserve it will likely have to raise interest rates further to reduce inflation that remains too high, but the end of its current tightening cycle is near, several US central bank officials said on Monday. The fed has raised rates by 5 percentage points since March 2022 to reduce the highest inflation in […]