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18:51
Fitch Ratings' outlook for Latin America notes that due to ongoing changes in the geopolitical landscape and climate environment, the region will continue to face high levels of uncertainty in the second half of 2026 and in 2027.
Currently, the Latin American region is already facing multiple existing challenges, such as fluctuations in commodity prices and considerable fiscal consolidation pressures in several countries. Combined with the ongoing changes in external factors mentioned above, the pace of economic recovery and the policy adjustment space for various economies within the region may be significantly affected in the future.
18:43
Kansas City Federal Reserve Bank President Jeffrey Schmid reiterated his stance, stating that the current inflation level remains high, and the Federal Reserve's current policy options are focused on further rate hikes or maintaining the existing interest rate level.
He made the above statement during a fireside chat event held in Oklahoma. Schmidt said: "What we need to consider next is whether we should decide that it is time to raise interest rates by 25 or 50 basis points in an attempt to push inflation back to the target range."
18:37
Bessent says oil prices have fallen, sending a signal of relief ahead of Labor Day
Democratic Congressman Jimmy Panetta stated at a House Ways and Means Committee hearing that President Trump recently claimed the Strait of Hormuz would remain closed until Labor Day, and questioned Besant: "Is this your definition of 'temporary'? Does this mean our gasoline prices will stay high throughout the summer?" Panetta pressed. Besant responded: "I haven't seen the president make such a statement. All the indications I have suggest the strait should reopen sooner." "We've already seen oil prices decline."
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