The Federal Reserve The United States agreed to hold interest rates at the June meeting to buy time to assess whether more hikes would be needed, despite the vast majority expecting to have to further tighten monetary policy, according to meeting minutes released on Monday. Wednesday. Yes ok “some“they wanted to go ahead with a […]
Tag: Fed
BCRP: dollar closes at S/3.6260 and completes 5 months of decline
The dollar closed in June at S/3.6260, its lowest level in more than two years. The last time it scored a similar value was on April 15, 2021, when it reached S/3.6280, according to the Central Reserve Bank of Peru (BCRP). In this way, the us currency it completed five consecutive months of decline and […]
Big US banks pass Fed stress test despite uncertainty
the 23 older United States banks passed the annual stress tests of the Federal Reserve (Fed) despite the banking uncertainty that killed Silicon Valley Bank (SVB) and Signature Bank in March, the US central bank announced on Wednesday. According to the Fed’s analyses, banks remained “above capital requirements” during a hypothetical global recession, despite losing […]
Heads of biggest central banks: more monetary tightening is coming
The heads of the main central banks The world reaffirmed on Wednesday that they believe further monetary policy tightening is necessary to rein in stubbornly high inflation, but continue to believe they can do so without triggering recessions. US Federal Reserve Chairman Jerome Powell did not rule out further rate hikes at back-to-back Fed meetings, […]
Big central banks keep raising rates, but see the end
Inflation is cooling, which means that major central banks may start to think about ending interest rate hikes, even if most are not there yet. The Bank of England, an outlier in some ways given the persistence of British inflation, raised its benchmark rate by half a percentage point on Thursday, more than expected. Traders […]
Stocks closed in red after learning that the Fed will continue raising interest rates
Jerome Powell, president of the United States Federal Reserve (Fed) announced this Wednesday, June 21, that they will raise the interest rate for the remainder of the year, depending on the economic indicators that are observed. Such a message disrupted the performance of the markets, according to César Romero, Head of Research at Renta4 SAB. […]
Powell acknowledges before the US Congress the possibility of more rate hikes this year
The Chairman of the Federal Reserve, Jerome Powellrecognized this Wednesday that, after the pause in June, during the coming months it is likely that interest rates will continue to rise, an increase that will depend on economic data. “Almost all of the participants in the Federal Open Market Committee,” the body of the Fed that […]
Fed’s Powell thinks it’s appropriate to raise US interest rates but at a slower pace
The Federal Reserve The US (Fed, central bank) expects to continue raising interest rates but more slowly, Fed Chairman Jerome Powell said at a congressional hearing on Wednesday. “Given how far we’ve come, it may make sense to increase rates, but do so at a more moderate pace.”he told the House Committee on Financial Services. […]
Lima Stock Exchange closes mixed this Monday, June 19
The Lima Stock Exchange closed the operations of this Monday, June 19, 2023 with its mixed indices. Thus, it registered 8 upward indicators, 6 downwards and 2 without variation. He S&P/BVL Peru General Index, the most representative of the Lima stock market, fell 0.07% to 22,567.66 points. For his part, he S&P/BVL Peru Selective Indexwhich […]
BCRP: dollar would be between S/3.70 and S/3.85 until 2025
The dollar has been showing a downward trend in recent months, reaching S/3.6470 yesterday, its lowest level since April 4 of last year. This taking into account that during the third quarter of 2022 the US currency reached peaks of up to S/4.00. However, given the fall of the dollar, economic agents expect that at […]