Week from the 18th to the 22nd of March 2024

Most Outstanding Points of the Week

  • In the US, the Fed left the federal funds rate range unchanged at 5.25% – 5.5%, as widely expected. However, it reaffirmed that there will be three 25bp cuts in the remainder of the year.
  • In the United States, the main economic indicators that stood out were the good results of the real estate sector in February.
  • In China, retail sales grew 5.5% annually, exceeding expectations of 5.2%. On the other hand, industrial production increased by 7%, and exceeded estimates.
  • For the first time in three years and in line with market expectations, the Bank of Mexico cut the reference rate by 25bp to 11%.

Important Events in the Coming Weeks

  • In the U.S., consumer confidence will be known 03/26
  • In the U.S., the 4Q23 GDP to be published 03/28


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