Week from the 10th to the 14th of June

Most Outstanding Points of the Week

  • In the US, the FED kept the reference rate range unchanged at 5.25 – 5.5%. On the other hand, it shared its macroeconomic expectations, where it highlighted that now only one 25bp cut could be seen for the remainder of the year, which contrasts with the three cuts expected in March.
  • In the United States, May inflation slowed to 3.3% annually from 3.4% expected and from the previous month.
  • In China, inflation advanced 0.3% annually in May, in line with April’s figure.
  • In Mexico, the virtual president-elect, Claudia Sheinbaum, agreed with President López Obrador to immediately open a broad dialogue related to the reform of the Judiciary.

Important Events in the Coming Weeks

  • In China, retail sales and industrial production will be published. 06/17
  • In the U.S., we will know the retail sales and FED members will speak 06/18

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