Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.
SANTIAGO – For once, Mexico is in the news for something good: an election. What a contrast to the usual coverage by international news agencies, which seldom involves anything other than evil drug lords, terrifying shootouts, and grisly pictures of decapitated bodies.
With the ever-present Partido Revolucionario Institucional (PRI), which governed Mexico for seven decades, now due to return to power, one might be tempted to conclude that little has changed in Mexico. That assessment would be wrong.
Mexico today is a vastly different country from what it was under the PRI old guard. Change began to accelerate during Ernesto Zedillo’s six-year rule, beginning in 1994, and has continued under non-PRI administrations since 2000.
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