Fynsa
El aumento del déficit, la persistencia de la inflación y una mayor prima por plazo están tensionando el mercado de deuda estadounidense. En respuesta, el Tesoro amplía sus recompras de bonos de largo plazo, aunque la medida difícilmente resuelve el problema fiscal de fondo.
Kevin Warsh joins the Federal Reserve with Trump’s backing and expectations of lower interest rates. The problem is that monetary policy doesn’t work by decree, and the current environment isn’t on his side.
Despite the political noise, the dollar has shown no major shocks in Peru during 2025, thanks to a favorable international environment and timely economic decisions.
In this context, putting cash to work makes more and more sense: increase exposure in corporate fixed income, in equities buy the market dips, and diversify sectorally and regionally.
Trust is hard to regain once lost. Will it be different this time?
Opportunities in bank bonds look attractive for 2025, with a favorable macroeconomic environment and strong sector fundamentals in both the U.S. and Chile.
Emerging market maturities and Treasury rate movements require a strategic approach to manage flows and adjust portfolios in a high demand environment.
The Federal Reserve's monetary policy is driving winds of change in the U.S. multifamily market, offering new opportunities and challenges for investors and developers, although not without inherent risks.
We project a further 25bp cut at the December meeting, which would end 2024 at 5.0%. As we estimate the neutral rate at 4.25%, three more cuts should occur during the first half of next year, with room for some pauses only if needed due to the economic situation.
