• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Fed debates pausing rates despite rising inflation in the U.S.

FinanceInternationalExpansión30 s readAI summary
Image: Expansión

The Federal Reserve meets to decide what to do with interest rates, a week before the November 3 midterm elections. The market largely expects it to keep rates in the 3.75%-4% range set in September, even though September inflation stood at 3.7% year-on-year, against the 2% target. FOMC minutes attribute the surge to tariffs, energy, inputs and technology goods linked to AI.

In 30 seconds

  • The market widely expects the Fed to hold rates at 3.75%-4% at this meeting.
  • September inflation stood at 3.7% year-on-year, above the 2% target.
  • The FOMC unanimously approved in September the first rate hike in more than three years, of 25 basis points.
Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

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