The money of Paraguaythe Guaraní, celebrates this Thursday 80 years of creation, with the challenge of maintaining the strength that positions it as one of the oldest in America. “That the guaraní turns 80 years old is, on the one hand, a reflection of the responsible management of monetary policy, but, on the other hand, […]
Tag: federal Reserve
Big central banks unite under the mantra “higher rates for longer”
The central banks of the world’s major economies warned that they will keep interest rates as high as necessary to contain the inflationeven though they were at the height of two years of unprecedented tightening of global monetary policy. The mantra “higher rates for longer” It is now the official position of the United States […]
Federal Reserve keeps its rates stable between 5.25 and 5.50%
The Federal Reserve (FED) maintained, this Wednesday, September 20, 2023, its interest rate unchanged, as the markets expected, in a range of 5.25% to 5.50%, its highest level in 22 years. and anticipates a further increase this year. The decision was adopted unanimously by the Monetary Policy Committee (FOMC) of the FED. This is not […]
Fed seems inclined to leave interest rates unchanged
Since the Federal Reserve met for the last time in July, the economy has been going in the direction its officials wanted: The inflation has been slowing—although not as much as many Americans would like—economic growth is on track and the job market is cooling. When they meet again this week, officials will most likely […]
Fed’s Jerome Powell: We will keep rates high until inflation is controlled, with the possibility of a pause
The president of the Federal Reserve US (Fed), Jerome Powellstated this Friday that the The regulator will continue to keep rates high until inflation is controlled, although it opened the door to a pause in the increases. “We are prepared to further increase rates if appropriate and intend to keep policy tight until we are […]
US jobless claims fall, job market remains tight
The number of Americans who filed new claims for benefits for unemployment dropped last week, as sea conditions working market remain tense despite aggressive interest rate hikes from the Federal Reserve. The Labor Department reported Thursday that initial claims for state unemployment benefits decreased by 10,000, to a seasonally adjusted 230,000, for the week ending […]
With central banks’ work halfway done, inflation debate changes course
The inflation has slowed sharply across much of the world this year, but the job is only half done, even as major central banks they are now preparing to conclude their most aggressive interest rate hike cycle in history. The “last mile” to eradicate widespread price growth will still take years, so loosening monetary policy […]
Beware of the Fed’s outlook for long-term US GDP
After wondering for years about the slow recovery in the United States after the recession of 2007-2009, the Federal Reserve had to do the math at their September 2016 meeting. Due to low productivity and an aging population, typical US economic growth of the 2.5% or more annual “it was no longer possible” on a […]
BCRP: dollar has been rising 1.81% in August and is trading at S/3.711
After the dollar had a sustained decline, which led it to even fall below S/3.60 in previous weeks, it has recently experienced an upward trend that has placed it above the S/3.70 mark. Despite having closed yesterday at S/3.7110, reflecting a decrease of 0.22% compared to Thursday’s close, this figure still remains 1.81% above the […]
Fed anticipates rate hikes and warns of a possible increase in inflation
The members of the Federal Open Market Committee of the United States Federal Reserve (Fed) forecast At their last meeting, new interest rate hikes were raised and they warned of a possible rise in inflation in the coming months. “LMost participants continued to see significant upside risks to inflation, which could require further tightening of […]