Live Breaking News & Updates on Brendan Fagan Izaac
Stay updated with breaking news from Brendan fagan izaac. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
USD/MXN Bounces as Bank of Mexico Elects to Cut Rates by 0.25% 2021-02-11 19:00:00 Brendan Fagan, Izaac Brook, Bank of Mexico cuts rates by 25 bps to 4.00% in a unanimous decision Rate cut comes as Mexican economy struggles and remains frail USD/MXN bounced in immediate trade following the release Advertisement The Bank of Mexico unanimously decided to cut interest rates by 25 bps to 4.00% after meeting on Thursday. The decision was in line with expectations, as a cut of 25 bps was foreseen as extremely likely given recent economic weakness in Mexico. The rate cut comes as the Mexican economy experienced its worst year since the Great Depression, with economic activity declining by 8% as a result of the pandemic. ....
Financial Stocks Rise as Fed Clears Path for Banks to Resume Buybacks 2020-12-18 22:30:00 Brendan Fagan, Izaac Brook, Fed Bank Stress Test Results, Financial Stocks, Covid – Talking Points Second Round of Bank Stress Tests Featured Worsening Coronavirus Economic Shock US Banks Remained Strong Despite strenuous Tests Fed to allow restricted buybacks and dividends in Q1 2021 Advertisement 2020 Bank Stress Tests Round Two: Banking System Remains Strong under Covid pandemic The Federal Reserve released results from the second round of stress tests this afternoon. Banks were deemed to have strong capital levels and remained a source of strength for the overall economy. Financial and bank stocks reacted to the upside following the Fed’s assessment of the banking sector crossing the wires. The Financial Select Sector SPDR Fund ETF rose nearly 4% in after-hours trading. ....