The year-on-year rate of inflation in the United States continued to decline in December 2022, for the sixth consecutive month, and stood at 6.5%, 6 tenths below that of November, according to data published this Thursday, January 12, 2023 by the Bureau of Labor Statistics (BLS). In monthly terms, consumer prices fell by one tenth, […]
Tag: federal Reserve
Fears of recession grow on Wall Street
Wall Street closed this week again in the red, thus accumulating two in a row caused by fear of a possible recession after the increase in interest rates by the Federal Reserve (Fed) and the European Central Bank to combat inflation. In detail, the Dow Jones of Industrial –the main indicator of the New York […]
FED rate hike will not severely impact the Peruvian economy
The long-announced and long-awaited rise in the benchmark interest rate of the Federal Reserve from United States this last March 16 was finalized, after several delays. In this way, the Federal Open Market Committee (FOMC) of the US central bank decided to increase the reference operation percentage by a quarter of a point to bring […]
Russia against Ukraine: how does the war impact the fight against inflation in Peru and the world?
The war between Russia and Ukraine ceased to be a face-to-face battlefield and has moved to the economic field with the sanctions imposed by the United States and its Western allies with the intention of persuading Vladimir Putin to stop his advance in Ukraine; and with “destroying the Russian economy,” according to White House officials. […]
Russia and Ukraine: these would be the global economic consequences
The invasion of Ukraine by Russia is already a fact, after the announcement of the Russian president Vladimir Putin this Thursday, February 24, which had an immediate impact on the operations of the world stock markets, foreign exchange market and safe-haven assets. Stocks around the world plummeted, while the Oil rallied above $100. Gold gained […]
Russia and Ukraine: how would the geopolitical crisis impact the Peruvian economy?
The revival of geopolitical tension between Russia and Ukraine has not only set off alarms in many economies around the globe. Although a direct confrontation has not yet been reached, for now only sanctions from United Statesthe truth is that the peruvian families they would feel its ravages despite the fact that the conflict takes […]
Recent services inflation presents new challenge for Fed
Updated on 02/11/2022 03:43 am There has been hope in economic and political circles that the inflation it will cool off once Americans return to spending more money on restaurants, hotels and other service industries, and less on things that have been hit by the global supply chain crisis, such as clothing and gadgets. That […]
The US added 467,000 jobs in January and defies pessimism about omicron
The United States added 467,000 jobs in January, according to official figures released this Friday, February 4, much better than expected, despite the new wave of COVID-19 infections caused by the omicron variant. The Labor Department report, which also showed the jobless rate rising slightly to 4% in January, has been taken positively as many […]
Fed tries to reconcile economic risk with market rush for tightening
It is possible that the Federal Reserve (Fed) won’t raise interest rates until March, but its authorities’ tougher tone on inflation is already having an effect, with borrowing costs rising for everyone from homebuyers to the government, and with stock markets starting the year in losses. The pace of that tightening now raises an unexpectedly […]
Fed officials say immigration would ease labor shortage
The immigration, which slowed down during the pandemic, could help alleviate the shortage of workers in U.S that has pushed job vacancies to an all-time high, according to policymakers at the Federal Reserve. While it remains a hot political issue in the US, with some arguing that immigration comes at the expense of US jobs, […]