COLOMBIA: President Petro Makes Plea For Lower Interest Rates
Aug-16 12:28
- It is worth recalling that late yesterday, President Petro made a plea to the central bank to cut rates. BanRep need to start monetary easing since inflation is slowing and tight money is hurting growth, President Gustavo Petro said.
- “The real economy is shrinking basically due to high interest rate,” Petro said in a post on the social media platform X. “I ask the central bank to lower it, given that we have controlled inflation”.
- Petro’s comments come after Q2 GDP report showed that the economy shrank 1% from the previous quarter, below the -0.3% estimate.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US: MNI POLITICAL RISK - Democrat 2024 Hopes May Hinge On Manchin
Jul-17 12:23
- Democrats are increasingly concerned that a “unity” presidential campaign from independent group, No Labels, could undercut Democrats in 2024, or hand Republicans the crucial West Virginia Senate seat of Senator Joe Manchin (D-WV).
- The Senate will return tomorrow tasked with passing the National Defense Authorisation Act (NDAA) after House Speaker Kevin McCarthy (R-CA) scored a major win on Friday with his version of the bill.
- Former President Donald Trump announced a hawkish border plan at a West Palm Beach event yesterday.
- Florida Governor Ron DeSantis’ (R-FL) presidential campaign is still struggling to gain traction amid financial concerns and lack of confidence amongst key stakeholders.
- US climate envoy John Kerry held talks today with his Chinese counterparts in Beijing as Washington continues actions to restore diplomatic relations.
- Treasury Secretary Janet Yellen told reporters at the G20 Finance and Central Bank meeting in India yesterday that progress can be made in Chinese trade practices and US tariffs but warned that it’s “premature to use this as an area for de-escalation.”
- Poll of the Day: 47% of Americans believe the country is in recession.
Full article: US Daily Brief
US TSYS: What to Watch: Latest Earnings Cycle Resumes
Jul-17 12:22
- Muted start to the new week, Fed entered policy blackout Friday, runs through July 27, the day after the next FOMC rate announcement. Monday's data limited to Empire Manufacturing survey (-3.5 est vs. 6.0 prior) at 0830ET.
- Data picks up Tuesday with Retail Sales for June, Industrial Production, Capacity Utilization and TIC flows.
- Treasury auctions start the week with $65B 13W, $58B 26W Bill auctions at 1130ET.
- The latest corporate equity earnings cycle picks up in earnest tomorrow, 11% of the S&P 500 to report in the coming week, with BofA, Morgan Stanley, Goldman Sachs, Netflix, Tesla, Johnson & Johnson among the highlights.
- Nasdaq is scheduled to implement a "Special Rebalance" to the Nasdaq-100 index as of July 24.
US TSY FUTURES: BLOCK, Sep'23 2Y Buy
Jul-17 12:19
- +7,500 TUU3 101-31, buy through 101-30.75 post-time offer at 0808:43ET, 101-30.88 last (+2)
