Economy

US: Consumer spending weakened in August, signaling a possible GDP growth slowdown in the third quarter.

Argentina: FX controls allowed the Central Bank (CB) to reduce the Leliq rate in 6.9 percentage points during September

US: The Fed cut rates again, but Committee members were split over the decision and the outlook for further reductions.

Argentina: GDP rose 0.6% yoy in the second quarter but is expected to fall 3% this year

US: Ahead of planned trade talks with China and Fed rate decision, President Trump delayed for two weeks a scheduled increase in tariffs on USD 250b Chinese imports.

Argentina: Inflation surged 4% in August, mainly due to the peso depreciation following Primary elections

US: Mixed labor report and weakening manufacturing activity further back a rate cut during next week´s meeting.

Argentina: Recent FX regulations stabilized the exchange rate, however attention has turned to the outflow of US dollar deposits

The government placed new FX regulations aiming to preserve international reserves amid a confidence crisis due to political uncertainty