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Charlie Bilello: Mexico makes 15th rate cut, signals end of easing cycle
Charlie Bilello, chief market strategist at Creative Planning, reports that Mexico's central bank has made its 15th rate cut in the current easing cycle, reducing the benchmark rate by 25 basis points to 6.50 percent.
According to the board, this will be the final cut for this cycle, marking an end to its monetary easing. No further details were given in the announcement.
Bilello has highlighted other major market trends in recent commentary. He pointed out that the U.S. bond market is experiencing a 69-month drawdown, marking the longest such period on record. He also observed that South Korean stocks have tripled over the last 16 months, outperforming all other global markets.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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