oil prices The barrel of Brent crude oil, the benchmark for Colombia, closed Wednesday’s session at $83.10, up 1.74% from the end of the day before, having already surpassed $84 this morning. Similarly, Texas Intermediate Crude Oil (WTI) neared $79 after rising 1.9% to $77.86 on Wednesday. These prices await the decisions of the OPEC+ […]
Tag: US Federal Reserve
US government bonds rise to high levels
Wall Street opened lower this Tuesday, and the Dow Jones Industriesthe key indicator, lost 0.22% early in the day, while government bonds rose to levels not seen in 16 years. Fifteen minutes after the start of activities on the New York Stock Exchange, the Dow Jones stood at 33,360 units and the selective S&P 500 […]
The dollar is strengthening against the Colombian peso
The dollar in Colombia will have a representative market rate this Tuesday (TRM) of 4,052.54 pesos. The price gained a hundred pesos compared to last week’s closing price and, according to analysts, is a symptom of a reaction to the FED’s decision and higher oil export prices. The Brent barrel, a reference for Colombia, rose […]
FED pauses interest rates and maintains them at 5.25%
The US Federal Reserve. (Fed) announced a pause in interest rate increases this Wednesday, after the eleven consecutive increases which it has implemented since March last year, although it was not clear whether further increases will take place before the end of the year. “The Committee would be prepared to adjust the monetary policy stance […]
Wall Street opens in the red and the Dow falls 0.87% on recession fears
Nasdaq’s composite market index, which lists major tech companies, also suffered a sharp drop of 2.92% or 324.26 integers to 10,774.89. The announcement by Fed President Jerome Powell yesterday caused the three indices to gain initially, but little by little they lost steam, though they ended the day on a positive note, only to shock […]
The US Federal Reserve raises interest rates by 0.25 points
The Federal Reserve (Fed, central bank) from United States announced an interest rate hike of 0.25 percentage point this Wednesday with the aim of fighting a inflation runaway, the first increase since 2018. With this increase, the official interest rate of the largest economy in the world is placed in a range between 0.25% and […]