The Federal Reserve announces this week whether it will raise interest rates, after taking a break in September and leaving them in the range of 5.25-5.50% and after inflation rebounded last month to 3.7%.
These are the economic keys that will mark the week in America:
Monday 30
The Central Bank releases the result of Brazil’s public accounts and the relationship between debt and gross domestic product (GDP) in September.
The OECD publishes its annual report on aid to the agricultural sector in 54 countries and adaptation to climate change.
The American fast food chain McDonald’s announces its latest business results.
The National Agricultural Council (CNA) of Mexico, together with officials from the United States and other countries, holds a forum in Guadalajara to address the threats suffered by the Mexican countryside, such as organized crime attacks, internal food shortages, drought and trade conflicts with the United States.
Tuesday 31
The members of the Federal Open Market Committee of the Federal Reserve begin their October meeting, in which they will decide whether to approve a new increase in interest rates.
Mexico presents the timely estimate of its GDP for the third quarter of the year after the higher-than-expected growth in the second quarter, when it rose 3.6% year-on-year and 0.8% quarterly.
The Brazilian Government discloses the average unemployment rate in the quarter ended in September.
The National Institute of Statistics of Chile publishes industrial production and copper data for September, as well as national unemployment data for September.
The Colombian Government releases labor market data for September.
Colombia’s central bank makes a decision on interest rates.
Brazil is putting out to tender works for the construction of 4,471 km of transmission lines, in which the Government hopes to attract investments of 19.7 billion reais.
Telefónica Brasil, a subsidiary of the Spanish Telefónica, discloses its results for the third quarter.
BBVA offers a press conference to discuss the results and its perception of the situation in Mexico, its largest market.
The SEMA automotive accessories show, the most important in the world, celebrates its 2023 edition in Las Vegas.
Wednesday 1
The Federal Reserve announces whether it will raise interest rates after concluding the two-day meeting of members of the Federal Open Market Committee.
The Monetary Policy Committee (Copom) of the Central Bank also decides whether to maintain, raise or reduce Brazil’s basic interest rate.
The Brazilian Government releases the result of the trade balance in October and the growth of industrial production in September.
The Bank of Mexico publishes the survey on private sector expectations in October with new forecasts on inflation and GDP for 2023.
The Bank of Mexico publishes the remittances received in the first three quarters of 2023 with an anticipated record after the historical figure of more than US$ 30,000 million in the first quarter of the year.
Peru publishes October inflation.
Starting this Wednesday, the Panama Canal restricts the number of ships that can transit the canal daily to 31, the second reduction it applies this year, suffering from a deficit of fresh water due to drought and the El Niño phenomenon.
Thursday 2
The Central Bank of Chile publishes the monthly index of economic activity for September (Imacec), which is considered an advance estimate of GDP.
The technology company Apple, the most capitalized company in the market, presents its results for the fourth quarter and accumulated results for the year.
Friday the 3rd
The National Institute of Statistics of Mexico presents gross fixed investment for August after growth of 29.1% year-on-year in July.
US President Joe Biden receives leaders from the Western Hemisphere at the first summit of the Alliance for Economic Prosperity in the Americas, made up of, among others, Colombia, Chile, Mexico and Peru.
Source: Gestion
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
