Updated on 02/25/2022 02:37 pm The Federal Reserve (Fed) has warned that inflation could persist longer than expected if labor shortages and wage increases continue, casting aside its earlier faith in inflation.transient” to paint a more cautious view of how the US economy may evolve. In the latest monetary policy report to Congress, which is […]
Tag: Inflation
Russia and Ukraine: these would be the global economic consequences
The invasion of Ukraine by Russia is already a fact, after the announcement of the Russian president Vladimir Putin this Thursday, February 24, which had an immediate impact on the operations of the world stock markets, foreign exchange market and safe-haven assets. Stocks around the world plummeted, while the Oil rallied above $100. Gold gained […]
Russia and Ukraine: how would the geopolitical crisis impact the Peruvian economy?
The revival of geopolitical tension between Russia and Ukraine has not only set off alarms in many economies around the globe. Although a direct confrontation has not yet been reached, for now only sanctions from United Statesthe truth is that the peruvian families they would feel its ravages despite the fact that the conflict takes […]
Dollar: why are the prices of some products still high despite the drop in the exchange rate?
Despite the fact that the dollar has fallen by -6.04% thanks to the solid macroeconomic fundamentals, the consumer has expressed his discomfort at not seeing that the fall in the safe haven currency is transferred to the prices of food and basic necessities. Given this concern, experts consulted by La República specify that lower prices […]
Argentina evaluates new measures to contain inflation of 3.9% in January
Gabriela Cerutispokesman for the government of Argentina, revealed this Thursday that the presidency of Alberto Fernández is evaluating the creation of a National Food Company to “help small and medium-sized producers” so that vegetables arrive in a “more economical” way. ” to homes. After the traditional conference given every Thursday at the Casa Rosada, the […]
Peronist president of Argentina now plans national food company to curb inflation
Updated on 02/17/2022 05:13 pm The Peronist government Alberto Fernandez plans to create a national food company in the umpteenth attempt to curb inflation after the failure of the price control policy in Argentina. Government spokesperson Gabriela Cerrutti announced that this initiative will allow small and medium production of vegetables to “reach more economically, cheaper, […]
Fitch: sovereign ratings of Latin America improve after measures against high inflation
In accordance with Fitch Ratingsappropriate monetary policy responses, such as raising benchmark interest rates, have helped contain the impact of high inflation on Latin America’s sovereign ratings, although it is important to monitor potential contagion effects. In addition to the global factors of the high commodity prices and supply-side disruptions, high inflation in 2021 also […]
Strong inflation in the United States would put the credibility of the Fed at stake
The strong inflation in U.S it puts at stake the credibility of the Federal Reserve (Fed, central bank), which must raise its interest rates to combat inflation without disturbing the financial markets, one of its officials indicated on Monday. “Our credibility is at stake here,” James Bullard, president of the Saint Louis branch of the […]
Inflation in the United States causes loss of consumer confidence in February
Record-breaking inflation in the United States weighed on consumer morale in February, causing an index that measures consumer confidence to fall to the lowest level since October 2011, according to the preliminary estimate of the University of Michiganpublished on Friday. This index fell to 61.7 points against 67.2 registered in January, disappointing analysts who expected […]
Dollar falls to S / 3.74, its lowest level in the management of Pedro Castillo
The dollar fell 1.71% and closed this Thursday at S/ 3.74; the lowest price of Pedro Castillo’s management. The fall of the greenback occurs amid strong local macroeconomic fundamentals and recent US inflation that reached 7.5% accumulation in the last twelve months. Alberto Arispe, general manager of Kallpa SAB, highlighted that the fading of the […]