The Federal Reserve predicted this Wednesday in its Beige Book of economic outlook that in the coming months there will be “less restrictive financial conditions”, an indication that interest rates could fall before the end of the year. “Prospects for future economic growth remained generally positive” and “noted expectations of stronger demand and less restrictive […]
Tag: Fed
Fed to decide “carefully and thoughtfully” when to lower rates this year
The president of the Federal Reserve of the United States (Fed), Jerome Powell, stated this Wednesday that the organization will decide “with care and consideration“When interest rates go down, a decision to be made”sometime this year”, once it is certain that inflation is reduced in a sustained manner. “The committee would like to see more […]
The Fed won’t cut rates until inflation falls sustainably toward 2%.
The Federal Reserve (Fed) It will not reduce interest rates until it is sure that inflation falls “sustainably” towards the 2% objective, according to the minutes of its last meeting held at the end of January and published this Wednesday. Members of the Federal Open Market Committee (FOMC) unanimously agreed that they did not expect […]
Economists haven’t been this critical of Fed tightening since 2010
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Economists are beginning to think that Federal Reserve of the United States is tightening monetary policy too much. That is the conclusion of the results of a survey by the National Association for Business Economics (NABEfor its acronym in English) published on Monday, which showed that 21% of respondents consider the current monetary policy stance […]
Americans’ discontent with the economy endangers Biden’s reelection
Thousands of workers at the luxurious Las Vegas casinos spent months on the warpath for wage increases. The feeling that money is not enough is shared by millions of Americans, and undermines the re-election chances of Joe Biden. “The economy is horrible. “Inflation has hurt everyone,” Jennine Minervini, of the Culinary Workers union, told AFP […]
Economic analysts now expect the dollar to be at S/3.75
Economic analysts expect the dollar to be at S/3.75 at the end of 2024, according to the macroeconomic expectations survey carried out by the Central Reserve Bank of Peru (BCRP). In this way, they have been reducing this variable, since in December 2023 they expected to reach S/3.78 and in November, to S/3.80. For their […]
Price of the dollar: why did the exchange rate rise in Peru and what awaits Latin American currencies?
The direction of the dollar will respond in the coming months to external factors more than domestic ones, for which the monetary policy stance of the United States Federal Reserve (Fed) will be important, says a recent report by Credicorp Capital. At the beginning of the year, the currency has shown a tendency towards appreciation […]
Fed leaves rates unchanged for the fourth time in a row
The Federal Reserve (Fed) of the United States left interest rates last Wednesday, January 31 no changes in the range of 5.25% and 5.50%but took an important step to reduce them in the coming months in a message that mitigated concerns about inflation and eliminated a long-standing reference to possible new increases in borrowing costs, […]
Powell: Fed will lower interest rates “sometime this year”
The president of the Federal Reserve (Fed) of the United States, Jerome Powell, said this Wednesday that if the economy evolves “Generally speaking, as expected, it will probably be appropriate to start tapering the policy sometime this year.”. “We think our policy rate is probably at its peak for this tightening cycle“, he noted minutes […]
Federal Reserve keeps interest rates unchanged in the United States
The Federal Reserve The United States Federal Reserve (Fed) announced this Wednesday that it is maintaining interest rates in their current range and stated that it does not expect it to be appropriate to reduce the target range until it is certain that inflation is moving sustainably towards 2%. “In assessing the appropriate stance of […]