Below, we present the five most important news from this Wednesday, June 17, in the markets.
The Fed begins the Warsh ‘era’ and goes from considering «when to lower rates» to «whether to raise them.» The Federal Reserve (Fed) begins a new stage under the presidency of Kevin Warsh. But his debut at the head of the central bank occurs at a delicate moment, after the rise in inflation and with an organization divided over the direction of interest rates. What to expect from this first major leadership exam?
The US offers financial benefits to Iran: read the 14 points of the peace agreement here. The United States is willing to offer Iran extensive financial benefits in the peace deal they reached last weekend. This is clear from the 14-point memorandum that was leaked this Wednesday, and which among other things states that Tehran will be able to access a development fund of 300 billion dollars, of which half has already been committed.
UK inflation remains at 2.8% unexpectedly ahead of BoE meeting. Inflation in the United Kingdom remained at 2.8% in May, according to the latest figures published by the Office for National Statistics (ONS), which are surprising compared to the expected increase. The data is known before the next meeting of the Bank of England (BoE), which will take place this Thursday.
The Swedish Riksbank maintains rates at 1.75%, but warns of future increases. The Riksbank, Sweden’s central bank, has decided to keep interest rates unchanged at 1.75%. The organization justifies this decision by saying that, despite the effects of the Middle East war on the economy of the Scandinavian country, inflation in Sweden is «low» and that economic activity «is somewhat weaker than normal.»
Japan’s exports are growing at the fastest pace in more than three years. Japan published its May trade balance this Wednesday, which showed that exports grew at their fastest pace since November 2022. Specifically, they increased 17% year-on-year, thanks to solid demand for automobiles and semiconductors.
