The Personal Consumption Expenditure Price Index indicates underlying inflation risks persist, prompting a cautious approach from the Federal Reserve at its forthcoming FOMC meeting.
Despite a moderation in inflation to a 2.1% annual rate, core inflation's stability at 2.7% suggests monetary policymakers face ongoing challenges.
Market expectations lean towards a restrained monetary policy from the FED, with potential for a modest rate cut, although the likelihood of additional cuts is decreasing.
The U.S. dollar remains strong as core inflation influences FED's decisions, complicating the economic landscape for Latin American currencies already facing pressure.
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