Gold prices rose to hit a lifetime high on Thursday while the focus was also on a crucial inflation report for clues on the Fed's policy path.
Economists say Trump’s second-term tariffs, if carried out as promised, could put even more downward pressure on the economy, because he’s framed them as across-the-board, rather than targeted to particular consumer products or commodities.
The meeting went as expected, with no changes to interest rates. But the S&P 500 broad index of large cap stocks declined on the news, sank 0.7% immediately after the news before rebounding to down 0.
Mexico's annual inflation rate slowed to its lowest level in almost four years in the first half of January, official data showed on Thursday, a price level likely to encourage the central bank to keep cutting borrowing costs.
Futures for Canada's main stock index rose on Thursday, supported by gains in metal prices, while investors digested earnings from some of the big tech megacaps on Wall Street.
The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second term.
The USD/MXN exchange rate has recently pulled back, ending the strong Mexican peso sell-off a few weeks ago. It retreated from this month’s high of 20.93 to the current 20.40 and is hovering near its lowest point since December 26.
Mexico’s annual inflation dipped into the Bank of Mexico's target range in early January, it's lowest level in almost four years.
Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
Ohio, comments on the looming deadline for the president's tariff threats to Canada and Mexico and reacts to the House Oversight chairman launching an investigation into sanctuary cities.