The price of dollar in Mexico trades higher in the early hours of Thursday, amid persistent concerns about the health of the economy of China and after the minutes of the last meeting of the Federal Reserve show that the authorities were divided on whether to continue raising rates. The exchange rate is listed at […]
Tag: federal Reserve
Fed officials divided on need for more rate hikes
The officials of the Federal Reserve They were divided on the need for further interest rate hikes at the central bank’s July 25-26 meeting, according to minutes of the session released Wednesday. At the meeting, “some participantsThey cited the risks to the economy of pushing rates too far, though “most” of those responsible for monetary […]
Dollar collapses to its lowest level in almost 3 years: S/3.5820
He dollar it closed at its lowest level in almost three years this Wednesday, July 12, 2023 and was placed at S/3.5820. This low price has not been seen since November 2020, according to the Central Reserve Bank of Peru (BCRP). During the day, the US currency depreciated 1.10% compared to S/3.6220 at the close […]
US inflation returns to pre-pandemic levels and stands at 3%
The rate of inflation in the United States it fell one point in June, to 3%, reaching its lowest level since before the pandemic and thus completing a year followed by declines, according to the Bureau of Labor Statistics (BLS, for its acronym in English). In monthly terms, consumer prices rose two tenths compared to […]
Fed Governor Proposes New Standards to Avoid Bank Failure
The governor of the Federal Reserve (FED) and Vice President of Supervision, Michael Barr, proposed on Monday a series of changes in the US banking system, including tougher capital requirements for large and medium-sized banks, with the aim of avoiding new bankruptcies. In a speech at the Bipartisan Policy Center think tank, Barr laid out […]
“Almost all” Fed officials backed not raising rates in June, according to minutes
The Federal Reserve The United States agreed to hold interest rates at the June meeting to buy time to assess whether more hikes would be needed, despite the vast majority expecting to have to further tighten monetary policy, according to meeting minutes released on Monday. Wednesday. Yes ok “some“they wanted to go ahead with a […]
Fed improves its economic forecasts for the US in 2023 but reduces those for 2024
The Federal Reserve of the United States on Wednesday improved its economic projections for this year in the country and the members of its federal open market committee, the one that decides on monetary policy, now calculate a growth of the Gross Domestic Product of 1%, six tenths above its March forecast. However, they have […]
Federal Reserve takes a break and decides not to raise interest rates in the US.
The US Federal Reserve (Fed, central bank) kept its reference interest rates stable this Wednesday at 5-5.25%, in the first pause in its monetary adjustment since March 2022, although it expects new increases between now and the end of the year. The Fed thus decided to take a break and will not raise interest rates […]
Fed debates between continuing to raise rates or taking a breather
The members of the Federal Open Market Committee of the Federal Reserve Americans begin a meeting on Tuesday in which they will decide if the ten rate increases carried out in the last year are enough or if it is necessary to continue raising them. While on previous occasions the rises were expected by most […]
Market expects Fed to pause rate hikes
A pause in monetary tightening? The Monetary Committee of the Federal Reserve meets this week and could, for the first time since March 2022, maintain its benchmark interest rate to avert the risk of a recession, despite inflation that remains strong. “I think we will see a pause next week,” Lydia Boussour, an economist at […]