Latin News

New Monetary Guidance

By Isaac Cohen* The last meeting of the US central bank policy making committee, chaired by Janet Yellen for the first time, produced several changes in monetary policy guidance. No longer, for instance, the Federal Reserve will monitor exclusively the unemployment rate. The focus will widen to include labor market…
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Oil Stability

By Isaac Cohen* Oil prices remain stable at around $100 per barrel, despite severe cold weather in North America, the confrontation between Ukraine and Russia and political turmoil in Venezuela. The explanation can be found in three factors identified in the monthly report issued last week by the Paris based…
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Employment rebounds

By Isaac Cohen* After two months of weak job creation, at a monthly average of 94,000 in December and January, the US economy in February created 175,000 new nonfarm jobs. Bad weather was blamed for the weak job creation of December and January, but it did not stop February’s relatively…
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Fiscal Drag

By Isaac Cohen* You wonder where are those who said the fiscal imbalance was pushing the United States economy to become like the Greek economy. Contrary to those cries of alarm, as a consequence of both tax increases and spending reduction, the red ink in the federal government’s accounts has…
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Lender of Last Resort

By Isaac Cohen* Last week were released the transcripts of the meetings held six years ago, within the central bank of the United States, at the height of the financial collapse that led to the Great Recession of 2008. In all, 1,685 pages of transcripts were released, providing the most…
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