
- Mexican Peso dips after Fed cuts rates by 25bps; gradual future easing signaled.
- Fed Chair Powell highlights persistent inflation risks, impacts on emerging currencies like Peso.
- Fed’s SEP shows rate to drop to 3.9% by 2025, 3.4% by 2026 amid modest cut expectations.
The Mexican Peso dives against the US Dollar after the Federal Reserve (Fed) lowered interest rates but adopted a less dovish stance, eyeing just 50 basis points of easing for 2025. At the time of writing, the USD/MXN trades at 20.40, up by over 1%.
Recently, Federal Reserve Chair Jerome Powell crossed the wires and
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