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When will the FED Pivot?

  • Ballestas Group
  • Nov 7, 2022
  • 1 min read

The Federal Reserve was the protagonist in the week, after communicating on Wednesday its decision to increase the interest rate by 75 bps. This is the sixth consecutive increase and brings the rate to the range of 3.75% - 4%, its highest level in 15 years.

Unemployment increased in the US to 3.7%, an increase of two tenths compared to September, about 6.1 million.

In addition, the Joe Biden administration will have its litmus test in the midterm elections, to be held on Tuesday, November 8.

The corporate reporting season continues, where this week the results of several companies linked to the health, consumption, energy and technology sectors are highlighted. Among them stand out: Eli Lilly, CVS, Cigna, Marathon Petroleum, Mondelez, Starbucks Airbnb and Booking that reported surprises in both sales and profits.


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