One year after the collapse of Silicon Valley Bank (SVB)which was the second largest bank failure in the history of USA, Vulnerability persists in the regional banking sector, which is very sensitive to the trajectory of interest rates, and another entity of this type is now in trouble. SVB, the sixteenth largest bank by assets […]
Tag: federal Reserve
Powell insists that the Federal Reserve is close to starting to reduce interest rates
The president of the Federal Reserve, Jerome Powellstated this Thursday that “it won’t be long” for the US central bank to cut rates and assured that the health of the US economy is better than that of any other developed country. Powell, who appeared before a US Senate committee this Thursday, added that when the […]
Moody’s maintains 2.2% growth outlook for Mexico’s economy in 2024
The agency Moody’s Investors Service this Friday maintained its growth estimate for the economy of Mexico at 2.2% by 2024, driven by strong domestic demand and the phenomenon of company relocation or ‘nearshoring’. In its latest global outlook 2024-25 in February, the rating agency warned that growth in G-20 economies will stabilize at modestly lower […]
Prices of personal consumption expenses rise 2.4% in one year in the US.
The price index on personal consumption expenditures (PCE), a key data that guides the monetary policy of the Federal Reserve of USAmarked an increase of 2.4% year-on-year in January, the Bureau of Economic Statistics (BEA) reported this Thursday. The data shows a decrease of two tenths in relation to the interannual PCE of December. In […]
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 […]
Federal Reserve could signal future rate cuts
The Federal Reserve It will probably move closer on Wednesday to reducing its benchmark interest rate after two years of increases designed to combat inflation. However, it will most likely not say when or how quickly it will make such reductions. While the US central bank is expected to reduce rates In the coming months, […]
IMF estimates that central banks will lower interest rates in the coming months
He International Monetary Fund (IMF) estimated this Tuesday that the main central banks world will begin to lower interest rates in the coming months, expectedly in the second half of this year. “What we are seeing is that central banks will delay easing until the second half of 2024. And that is when we anticipate […]
Large US banks warn of negative effects of higher capital requirements
Managers of the greats American banks They warned this Wednesday in the Senate of USA of the negative effects that the adaptation in this country of the Basel III standards prepared by the Federal Reserve and that would mean greater capital requirements for the entities. Basel III is a set of internationally agreed measures that […]
Fed’s Barkin prefers rate hike option, not cut speculation
The president of the Bank of the Federal Reserve of Richmond, Thomas Barkinsaid Wednesday that it is “skeptical” that inflation is on its way to falling to 2% and wants the option of another inflation increase rates in case it gains strength. “There is no particular need to do anything about interest rates if inflation […]
Fed concludes that inflation decreased, but will monitor data to ensure progress
Officials of the Federal Reserve They came to the conclusion a few weeks ago that the inflation is steadily declining, and they agreed to closely monitor incoming data to ensure the pace of price increases will continue to slow toward their 2% target, according to minutes of their meeting released Tuesday. As a result, policymakers […]