Wages increased 0.4% in December compared to the previous month, the Department of Labor indicated. These solid figures are released at a time when the Federal Reserve’s decision to raise interest rates is having the intended effects of reducing demand and inflation. Join the La República WhatsApp channel Price of the dollar in Peru: what […]
Tag: Fed
Fed believes rates have reached their peak, but leaves door open for more increases
The Federal Reserve The American Federal Reserve (Fed) considers that interest rates have reached their peak, but leaves the door open to order future increases if economic conditions require it, according to the minutes of its last meeting, published this Wednesday. According to the minutes, regulators believe that the official interest rate is already “at […]
The dollar will reach S/3.80 in 2024, according to economic agents
Economic analysts and companies in the financial system expect the dollar to be at S/3.80 at the end of 2024, according to the macroeconomic expectations survey carried out by the Central Reserve Bank of Peru (BCRP). Along these lines, specialists consulted by La República point out that although the currency has shown a fall in […]
Higher forever? Markets see few rate cuts after 2024
However much they may fall in 2024, pricing in money markets highlights the view that the decade of near-zero interest rates that prevailed after the Great Depression is unlikely to return. financial crisisas long as inflationary pressures and public spending remain high. That risks further pain for many public and private borrowers who clung to […]
Gold rises on bets of Fed cuts in the first months of 2024
The gold prices rose on Tuesday for the third session due to the weakness of the dollar and the performance of the Treasury bondin a thin trading session, with traders considering an early start in 2024 for the cuts interest rates in United States. Spot gold gained 0.3% to $2,058 an ounce by 1510 GMT, […]
Fed pivot dominates as global rate hike cycle falters in December
The long-awaited turn in the monetary policy of the Federal Reserve from the United States arrived in December, the main central banks developed countries applied only one increase in interest rates and the number of cuts accelerated even more in emerging markets. In December, eight of the central banks that oversee the 10 most traded […]
United States economy would have grown 1.2% in the third quarter
The United States reduced its growth estimate during the third quarter of the year by one tenth, to 1.2%as reported by the Bureau of Economic Statistics (BEA, in English). This form of annual growth is calculated in this third and final estimate of the gross domestic product (GDP), which reached 4.9%, three tenths below the […]
Fed’s Goolsbee ‘confused’ with market reaction on rates
The Federal Reserve is not committing in advance to cut interest rates soon and quickly, and rising market expectations that it will do so contradicts the way the economy works. us central banksaid the president of the entity in Chicago, Austan Goolsbee. “It’s not what you say or what the president (of the Fed, Jerome […]
Fed signals end to rate hikes and forecasts cheaper credit in 2024
The Federal Reserve maintained the interest rates stable on Wednesday and noted in its new economic projections that the historic tightening of US monetary policy over the past two years has come to an end and that borrowing costs will be reduced in 2024. In a new monetary policy statement, the US central bank officials […]
Yellen: inflation in the US is falling “significantly”; here is your prediction
The Secretary of the Treasury of the United States, Janet Yellensaid Tuesday that he believes the inflation is coming down “significantly”, and that with inflation expectations under control it should not be particularly difficult to finish the job of easing price pressures. “I see no reason, on the path we are currently on, why inflation […]