Economy
Exclusive USMCA Update: The trade jungle | Canada
A principle to keep in mind as we navigate the trade jungle is that, like a forest fire, a temporary event can leave a lasting impact on the environment.
Exclusive Banxico Post-Decision Report: Nothing to see here...
Banxico left the policy rate unchanged at 6.50% at the June 25 meeting.
Exclusive Banxico Preview: Soft growth, cool inflation, sticky risks
We expect Banxico to hold the overnight policy rate at 6.50% at the June 25 decision.
Global Strategy: Hormuz update: Still not plain Versaille-ing
A 14-point US-Iran MoU has reopened Hormuz earlier than expected and is now the basis for 60-days of discussions - but it is far from plain Versaille-ing ahead.
External “hawk”, Brazil “dove”
Externally, in the U.S., the FOMC kept interest rates unchanged (3.50%–3.75%), removed forward guidance, and signaled a more hawkish stance amid persistent uncertainty,
Forward guidance is gone
As widely expected, the FOMC kept the target range for the federal funds rate unchanged and dropped its easing bias.