The business activity The US showed little change in September and the large services sector grew at the slowest pace since February, while new orders fell to lows for this year, a survey published on Friday showed. According to S&P Global, the composite PMI index of USA, that analyzes the manufacturing sectors and services, fell […]
Tag: Inflation
Fed eyes more rate hikes even after unchanged meeting
The authorities of the Federal Reserve of USA warned on Friday of new increases in rateseven after leaving borrowing costs stable this week, and two officials said they are still not convinced that the battle against the inflation is over. These statements were qualified with words like “patience” and the recognition that price growth has […]
Non-working days in Peru increased 25% in 2 years
In the last two years, non-working days in the country have increased by 25%, as they increased from 12 to 16 holidays. In this way, formal workers enjoy 30 days of vacation and 16 holidays, which makes us the country with the most paid days off compared to the OECD and Pacific Alliance countries, despite […]
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 […]
Brazilian Central Bank reduces interest rates to their lowest level in 16 months
He Central Bank of Brazil This Wednesday, it reduced the basic interest rate by 0.50 percentage points, which now stands at 12.75% annually, the lowest level in the last 16 months, the issuing body reported. The reduction in the cost of money in Brazil was the second consecutive (in August it had also been reduced […]
OECD: persistent inflation and China, the great global economic risks
The persistence of high inflation, which is what has forced central banks to raise their rates, constitutes the main risk for the global economy indicated this Tuesday by the OECD, which also focuses on Chinawhich is going through a slowdown phase. “There are significant risks“said the chief economist of the Organization for Economic Cooperation and […]
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 […]
GDP in a nosedive: it would only grow 0.9% this year, warns the BCRP
The national economy will close the year with a growth of just 0.9%, according to the Central Reserve Bank of Peru (BCRP). This reading is starker than the 1.1% predicted by the Ministry of Economy and Finance (MEF). Julio Velarde, president of the BCRP, points out three reasons why GDP will stagnate: droughts in the […]
Musk: Excessive government spending ruined countless countries like Argentina
Businessman Elon Musk he said on his social network x (before Twitter) that excessive government spending has ruined countless countries, in a message he posted in response to an excerpt from a program by journalist Tucker Carlson on Argentina and the “hyperinflation”. “Excessive government spending, which is the fundamental cause of the inflationhas ruined countless […]
Less meat, more chicken: Argentines adjust their diet due to high inflation
Diego Silva feels the impact of the inflation in his butcher shop in Buenos Aires: Customers adjust their pockets to buy meat, a central product in the Argentine diet, after a rise in prices that hits consumption. Argentina registered this Wednesday the highest monthly inflation in three decades, 12.4%, with 124.4% for 12 months. Everything […]