Wall Street Futures Steady as Markets Await Fed Decision; Nvidia Gains on China Chip Sales Approval 
Australia’s Business Conditions Ease in November as Capacity Constraints Persist 
Oil Prices Hold Steady as Markets Track Ukraine Peace Talks and U.S. Rate Decision 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
U.S. Open to Special Trade Terms for South Africa Under Possible AGOA Extension 
U.S. Defense Bill Sets Record $901 Billion Budget, Includes Ukraine Aid 
Oil Prices Dip as Markets Watch Ukraine Peace Talks and U.S. Rate Decision 
Stocks Slip as Investors Brace for Fed Decision and JPMorgan Warning Weighs on Markets 
U.S. Economic Outlook 2026: Growth Seen Strengthening as Fiscal Support Ramps Up 
Asian Currencies Hold Steady as Traders Await Fed Decision; Aussie Dollar Edges Higher 
RBA Holds Rates but Warns of Rising Inflation Pressures 
Russia Stocks Close Flat as MOEX Hits 1-Month High 
Oil Prices Hold Near Two-Week Highs as Markets Await Fed Rate Cut and Monitor Geopolitical Risks 
Global Currencies Steady Ahead of Key Central Bank Decisions 
Holiday Economic Questions: What Bank of America Says You Should Expect 
ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
Mexico’s finance ministry has revised its 2025 economic growth forecast to between 1.5% and 2.3%, down from the previous 2.0% to 3.0% range, citing persistent supply shocks and declining residential investment. The new forecast, described as “conservative,” contrasts with lower projections from the private sector and the Bank of Mexico, as fears of a looming recession intensify.
Latin America’s second-largest economy contracted in Q4 2024 and again in January, signaling the possibility of a technical recession if Q1 2025 also shows negative growth. A central bank poll revealed private sector analysts now expect just 0.5% growth this year. Meanwhile, the Bank of Mexico forecasts a 2025 GDP range between -0.2% and 1.4%.
The finance ministry attributed the downgrade to continued supply chain disruptions and uncertainty surrounding U.S. trade policy, which is dampening business sentiment. Nevertheless, it expects growth to be supported by domestic consumption, job creation, and strategic investments. For 2026, GDP is projected to grow between 1.5% and 2.5%.
President Claudia Sheinbaum, who took office in October amid the nation’s largest budget deficit since the 1980s, faces increasing pressure but has avoided sweeping fiscal reforms. The 2025 budget deficit is estimated between 3.9% and 4.0%, falling to 3.2%-3.5% in 2026.
Inflation is expected to ease to 3.5% by the end of 2025, aligning with the central bank’s target range. By 2026, it’s projected to decline further to 3.0%. The Mexican peso is forecast to close 2025 at 20.0 per U.S. dollar and strengthen slightly to 19.7 in 2026. Crude oil production is expected to average 1.762 million barrels per day in 2025, rising modestly to 1.775 million bpd in 2026.
