Mexico Surprises With a June Rate Hike; U.S. Unemployment Rate Expected to Fall to 5.6% in the June Jobs Report
The Bank of Mexico (Banxico) surprised with a 0.25 percentage point hike in their policy interbank rate at the June 24 Monetary Policy Committee meeting, raising the rate to 4.25%; no economists surveyed by Bloomberg prior to the decision had expected a hike. Banxico’s announcement cited the jump in U.S. CPI inflation to the highest […]