Economy

US: Fed sees a strong economy but rising uncertainty and paves the way for another rate cut.

Argentina: Following primary elections, the economic outlook made a significant turn

US: With over a month to go before the next monetary policy meeting, the Fed has the challenge to anticipate how the economy will perform as the trade war extends and global demand weakens BRAZIL: Advances in the government´s reform agenda boosted business confidence

Argentina: In order to remove uncertainties, the new Economy Minister and Central Bank President reinforced maintenance of the current policies

US: Delay in applying tariffs to some Chinese imports increased hopes for a trade truce.

Argentina: An unexpected result in primary elections changed the current outlook, resulting in a slump in prices and heavy peso depreciation

US: The Fed cut rates by 25bps, but extension of the trade conflict with China is likely to pressure for further cuts this year.

Argentina: Trade war between US and China continued escalating, affecting the exchange rate, however, Central Bank actions were sufficient to calm the domestic market