Even though US inflation continues to decline, reaching 2.6% in May, that is, ever closer to its 2% target, Jerome Powell, chairman of the Federal Reserve (Fed), said that they would still need more evidence that this inflationary behavior is constant before cutting interest rates. The Central Reserve Bank of Peru (BCRP) also decided to […]
Tag: Fed
Powell: US inflation is easing, but Fed won’t cut rates yet
U.S. inflation is slowing again after higher readings earlier this year, the head of the Federal Reserve said Tuesday. Federal Reserve (Fed), Jerome Powell, adding that more evidence of this kind would be needed before the Fed cuts interest rates. Following some reports of persistently high inflation in early 2024, he said Powellthe data for […]
Exchange rate closed June above S/3.83: How will it behave in the second part of the year?
In the first half of 2024, the exchange rate showed a notable increase in the Peruvian market, going from S/3.66 in March to S/3.80 in June, mainly due to the depreciation of copper, they report from Washington Capital. For the second half of the year, it is expected that the Fed would reduce its interest […]
Fed examines 32 US banks that have more than $100 billion in assets
The Federal Reserve American will publish this Wednesday, when the markets close, the annual results of the stress tests it has carried out on a total of 32 banksthose with more than US$100 billion in assets. The figure is higher than last year since, due to a regulation by the US regulator, banks with between […]
Fed officials call for more data, caution in cutting rates
The president of the Bank of the Federal Reserve of New York, John Williams, said that the United States “is moving in the right direction” but declined to say when he would favor lowering interest rates. Williams He emphasized that any decision on the timing or extent of easing policy this year would depend on […]
Mester urges Fed to be clearer about its decisions and policies
The Federal Reserve has transformed the way it communicates with the public in recent decades and Loretta Mester has had a front row seat. He has attended more than 200 central bank monetary policy meetings USAfirst as a staff member and, since 2014, as a policymaker at the table. Now, on the eve of his […]
Fed maintains its rates and Peru follows in its footsteps
Horizon. United States Federal Reserve maintains the reference rate between 5.25% and 5.50%. Join the WhatsApp channel The United States Federal Reserve (Fed) announced that benchmark interest rates will not fall as soon or significantly as expected. Along these lines, it kept borrowing costs at their highest range in the last two decades, between 5.25% […]
Powell: there will be no rate reduction until we have “greater confidence” about inflation
The president of the Federal ReserveJerome Powell assured this Wednesday at the end of the meeting that decides the course of US monetary policy that there will be no reduction in interest rates from the current level to “that there is no greater confidence that the inflation moves sustainably towards 2%”. Powell spoke after his […]
Fed maintains rates and its managers foresee only one cut this year: the new dot plot
The Federal Reserve (Fed, central bank) USA As expected, it kept its rates at 5.25%-5.50% this Wednesday, and its managers point to a single interest rate cut this year. At the end of their two-day meeting, the Monetary Policy Committee (FOMC) also revised upwards its inflation forecast for both 2024 and 2025, to 2.6% and […]
Fed could announce fewer rate cuts due to persistent inflation
The officials of the Federal Reserve They could make official on Wednesday what has been clear for many weeks: since inflation remains above the 2% target, they will reduce their forecast for cutting interest rates. In a series of quarterly economic forecasts they will issue after their most recent meeting ends, policymakers are expected to […]