The Federal Reserve of the United States (FED) raised the reference interest rate 0.75 percentage points, to be in a range of 3 to 3.25 percent, adding the third consecutive increase this year.

This US monetary policy decision "makes consumption, credit, loans and mortgages even more expensive," said José Ignacio Martínez Cortes, coordinator of LACEN-UNAM

Check here: New investments boost the industrial market of Saltillo

Likewise, “the FED adjusted its growth rate. For this year the US economy will grow only 0.2 percent, which contrasts with the 1.7 percent projected last June. And by 2023 an advance of 1.2 percent is expected," explained the UNAM economist.

Thus, it applies a fifth increase since March and the third consecutive increase of three quarters of a point, in a new attempt to control inflation.

Of interest: What are the markets that dominate industrial construction in Mexico?

The specialist also explained that in the United States inflation in June was 9.1 percent, the highest in 40 years; in July 8.5 percent; in August it stood at 8.3 percent.

He pointed out that, however, there are chiaroscuros: the price of gasoline fell 10.6 percent in August, but gas rose 3 percent and electricity, 1.5 percent.

Mortgage rates exceed 6 percent and demand falls almost 30 percent; To which it is added that the interest on educational loans has increased from 3.5 to 4.7 percent, explained Martínez Cortes.

In Solili you can consult industrial warehouses available in Monterrey y Saltillo

Original note