The “golden path” that some officials of the Federal Reserve considered to lead to lower inflation without high unemployment may prove difficult to find, like the pot of gold at the end of the rainbow, in a world of fast-moving markets facing a new war in Middle East. At this week’s annual meeting of the […]
Tag: Inflation
The Federal Reserve will continue “working” to reduce inflation, according to Waller
The governor of the Federal Reserve, Christopher Wallerreiterated on Tuesday the US central bank’s determination to reduce the inflation to its 2% target, but did not comment on the economic outlook or offer an opinion on the best immediate course for the monetary politics. “Price stability is a primary responsibility of the Federal Reserve”Waller said […]
Inflation and shortages hit the Mexican border due to Texas anti-migrant measures
Businessmen denounced this Monday that the northern border of Mexico faces a food shortage and inflation due to the restrictions imposed by the Government of Texas to border crossings in the face of the unprecedented wave of migration in the region. The arbitrary inspections of goods trucks implemented last month by the governor of Texas, […]
More than 9 million Peruvians will remain in poverty until 2028
The pandemic left 30.1% of Peruvians in poverty — 9.8 million people, considering that there are more than 33 million of us — and the pace at which our economy is developing is not enough to reduce this indicator. By 2028, 27.8% of the population would be in monetary povertyaccording to BBVA Research, after 2023, […]
IMF: The world economy improves after COVID-19, but that progress is still slow and uneven
Although the global economy is currently recovering from the COVID-19 pandemic and has demonstrated “remarkable resilience,” this improvement it is still slow and uneven between countriesstated this Thursday, October 5, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, in Ivory Coast. “The global economy has shown remarkable resilience and the first half […]
Julio Velarde encourages Argentines in their fight against inflation
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, was applauded this Wednesday by businessmen in Argentina, a country that suffers a very high inflationexchange restrictions and multiple types of exchanges. During his participation in the 59th Colloquium of the Institute for Business Development of Argentina (IDEA), Velarde Flores gave a message […]
Argentina has one of the highest tax burdens in the region, according to OECD
The Organization for Economic Cooperation and Development (OECD) warned this Tuesday that the corporate tax burden of Argentina It’s found between “the highest in the region” and some business taxes are “highly distorting”in a report from the group made up of 38 countries. In its annual report on structural reforms, the OECD also noted that […]
Fed says there is no “urgency” to raise rates, but cuts are still far away
There is no urgency for the Federal Reserve re-upload your interest rate official now that the economy is slowing and inflation is falling, but it will probably pass “a long time” before it is appropriate to cut it, the president of the entity in Atlanta, Raphael Bostic, said Tuesday. “I am in no hurry to […]
INEI: monthly inflation in Metropolitan Lima advanced only 0.02% in September
He Consumer’s price index of Metropolitan Lima, an indicator that measures the behavior of inflation, increased only 0.02% with an accumulated variation as of the ninth month of the year of 3.32% and that of the last twelve months (October 2022-September 2023) of 5.04%, reported the National Institute of Statistics and Informatics (INEI). According to […]
Fed: High inflation remains the “biggest risk” to the economy
The president of the Federal Reserve of Chicago, Austan Goolsbee, said Monday that the risk of the inflation remains above the 2% target is still higher than that of a monetary politics restrictive of central bank slow the economy more than necessary to control the pace of price increases. “The risk that inflation remains above […]