Mexico's year-on-year inflation likely eased in the first half of August, a Reuters poll showed on Monday, bolstering the case for the central bank to cuts its key interest rate again at its meeting next month. The median forecast of 10 analysts estimated inflation for the first two weeks of the month at 5.33%, down from 5.52% in the second half of July but still far from the central bank's target of 3% plus or minus one percentage point. Early this month, the Bank of Mexico (Banxico) cut its benchmark interest rate by 25 basis points to 10.75% in a split decision by the bank's governing board.
The former interim Hertz CEO responsible for a windfall Tesla deal three years ago doesn't believe EVs will gain disproportionately from Fed rate cuts.
(Bloomberg) -- Brazil analysts lifted their estimates for the benchmark interest rate at the end of next year after the central bank said it won’t hesitate to tighten monetary policy due to a stronger-than-expected economy. Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksThe Cross-Continental Race Using Only Public TransitCli
While there have been signs of slowing in US economic growth data, corporate America is talking less about the threat of a looming recession.
U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve. In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that as of last month, "satisfaction with wage compensation as well as with non-wage benefits and promotion opportunities at respondents' current jobs all deteriorated." As of July, 56.7% of respondents said they were satisfied with their pay compared to 59.9% who held the similar view in July 2023.
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