The president of the Federal Reserve (Fed), Jerome Powellstated this Thursday that he is not sure that the US regulator has raised interest rates enough to lower inflation to the 2% target. “The Federal Open Market Committee (FOMC) is committed to achieving a monetary policy stance that is tight enough to reduce inflation to 2% […]
Tag: rate
Banxico “sends a message” to Wall Street with a rate hike
“They unanimously decided to vote for a 50 basis point hike, just to send the message that they have everything under control and are dealing with inflationary pressure with a firm hand,” commented Joel Virgen Rojano, strategist at TD Securities. “They send the signal that they don’t necessarily have to imitate the Federal Reserve.” Before […]
Executive raises 15% discount on electricity bills of the most vulnerable families
President Pedro Castillo announced the presentation of a bill that seeks to cover up to 15% of electricity bills among the most vulnerable families in the country, through a modification of the Law 27510, law that creates the Electrical Social Compensation Fund. Through his official Twitter account, the head of state remarked that this initiative […]