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
Monitor
