Powell: Economic Outlook

During the third quarter of 2024, world economic activity is expected to have grown at a rate similar to that of the previous quarter, although with a heterogeneous performance across countries. In advanced economies, headline inflation has continued declining and, in several cases, it has remained below their central banks’ targets. In its latest monetary policy decision, the US Federal Reserve cut its reference rate by 25 basis points. Significant episodes of volatility were observed in international financial markets. Government interest rates increased and the US dollar appreciated. Among key global risks are the possibility of policies that revert global economic integration, the intensification of geopolitical turmoil, the protraction of inflationary pressures, and higher levels of volatility in financial markets. post: MEXICO CENTRAL BANK LOWERS BENCHMARK INTEREST RATE TO 10.25% FROM 10.50% **MEXICO CENTRAL BANK (BANXICO) SAYS BOARD WAS UNANIMOUS ON RATE DECISION **BANXICO:FORESEES THAT THE INFLATIONARY ENVIRONMENT MAY ALLOW FOR FURTHER REFERENCE RATE ADJUSTMENTS **BANXICO SAYS HEADLINE…

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