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MercoPress, en Español

Montevideo, January 31st 2026 - 06:40 UTC

Tag: Federal Reserve

  • Wednesday, October 24th 2018 - 08:34 UTC

    Trump again bashes the Fed, saying it posed the biggest risk to the US economy

    Mr Trump has repeatedly criticized the US central bank for raising interest rates. Recent US presidents have avoided commenting on Fed policy

    United States president Donald Trump has sharpened his attacks on the Federal Reserve, saying it posed the biggest risk to the US economy. He also targeted Fed chairman Jerome Powell, telling the Wall Street Journal he seemed “happy” to be raising interest rates.

  • Friday, October 5th 2018 - 08:36 UTC

    Argentine Peso slips on Thursday on prospects of higher US interest rates

    The peso shed 1.85% to close at 38.4 per dollar after having gained 9.58% over the previous three days under a freshly-renegotiated IMF deal

    Argentina’s Peso fell on Thursday, pressured by the recession-hit country’s dismal inflation outlook and higher U.S. interest rates that have pushed capital away from riskier emerging markets and toward the greenback, local traders said. The peso shed 1.85% to close at 38.4 per dollar after having gained 9.58% over the previous three days under a freshly-renegotiated International Monetary Fund financing deal that calls for tougher fiscal and monetary policy measures.

  • Wednesday, September 26th 2018 - 21:13 UTC

    Fed raises interest rate and announces a third increase this year

    It was the eighth time the FOMC has raised borrowing costs since late 2015. It held rates near zero after the Great Recession to speed up the economic recovery.

    The United States Federal Reserve announced on Wednesday, after a two-day policy meeting, that it would raise interest rates for the third time this year. The decision, which had been widely expected, raised the federal funds rate by 25 basis points, to a range of 2% to 2.25%.

  • Monday, July 23rd 2018 - 06:48 UTC

    US Treasury Secretary denies any chance or a currency war

    Asked whether investors should be concerned about the prospects of a currency war, Mnuchin said “no,” declining to elaborate

    United States Treasury Secretary Steven Mnuchin said there’s no chance of a currency war erupting. When asked whether investors should be concerned about the prospects of one, he said “no,” declining to elaborate during a press conference in Buenos Aires on Sunday.

  • Saturday, July 21st 2018 - 07:59 UTC

    Trump “not happy” with the Federal Reserve recent interest rate increases

    Donald Trump acknowledged that his comments about the Fed would likely raise concerns

    President Donald Trump cast aside concerns about the Federal Reserve’s independence, saying he was “not happy” with the Fed’s recent interest rate increases. Trump told CNBC in an interview: “I don’t like all of this work that we’re putting into the economy and then I see rates going up.”

  • Thursday, July 19th 2018 - 07:50 UTC

    Brazilian Real and Argentine Peso lose ground against the dollar

    In Brazil, the region's largest economy, the market continued to fret over a wide-open presidential election scheduled for October

    Latin American currencies fell against the dollar across the board on Wednesday as traders continued to focus on recent statements by key U.S. monetary policy makers.

  • Wednesday, July 18th 2018 - 07:33 UTC

    Jerome Powell admits trade policy could complicate Fed's forecasts

    Powell said US economy is expected to remain strong, but trade could complicate Fed's forecasts: it is difficult to predict the ultimate outcome of current discussions

    A trade war with China, the European Union and other trading partners is casting some doubts about the U.S. economic future, Federal Reserve Chairman Jerome Powell said on Tuesday. And the longer it goes, the more potential harm it could cause, Powell told the Senate Banking Committee at a hearing about the Fed's monetary policy and the economy.

  • Thursday, May 31st 2018 - 08:12 UTC

    Fed proposes simplifying trading rules for foreign banks and funds

    The Fed alongside other U.S. regulators, proposed rewriting the “Volcker Rule” introduced following the 2007-09 financial crisis

    Foreign banks and funds are set to benefit from a move by U.S. regulators to simplify a trading rule that foreign banks and regulators say has inadvertently complicated firms operating as far afield as Europe and Asia. The Federal Reserve, alongside other U.S. regulators, on Wednesday proposed rewriting the “Volcker Rule” introduced following the 2007-2009 financial crisis in a bid to simplify the regulation and make it easier for banks to comply.

  • Thursday, May 24th 2018 - 07:12 UTC

    May Fed minutes suggest a rate hike would soon be appropriate; next meeting in mid-June

    The minutes of the Fed's May 1-2 meeting released on Wednesday showed that officials were generally upbeat about the prospects for the United States economy. (Pic Bloomberg)

    Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy, ranging from rising wage pressures to potential harm from the Trump administration's trade policies.

  • Wednesday, May 9th 2018 - 07:10 UTC

    Latin American (and global) currencies hit by strong dollar and Trump's policies

    The market’s attention was on President Donald Trump’s decision to withdraw from the international nuclear agreement with Iran, a deal which eased economic

    The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the Euro struggling and other Latin American currencies including the Argentine peso down sharply.