The Federal Reserve announced it will carefully review the data, outlook, and risk balance "when considering the magnitude and timing of additional adjustments," it stated in its communiqué. The Fed's decision comes on the eve of the Bank of Mexico's (Banxico) meeting next week. According to Alejandro Saldaña, an analyst at Ve por Más, the Mexican central bank could follow the Fed's lead given the challenging economic landscape, with inflation expected to remain above 4% this month. Uncertainty over the course of the war in Iran permeated the Federal Reserve's latest monetary policy analysis, which once again left its interest rate unchanged, holding it in a range between 3.50% and 3.75%. In its communiqué published on Wednesday, the central bank, led by Jerome Powell, stated it will focus on the implications of the Middle East conflict rather than on employment stability, with inflationary increases in sight. However, it should be noted that for the second time, the vote was divided, although the number of dissenting voices was reduced this time to only Governor Stephen Miran, who voted in favor of cutting the rate by 25 basis points. In February, Governor Christopher Waller had also aligned himself with calling for a similar cut. Nevertheless, expectations for a rate cut this year remain.
