- Mexico’s economic docket will feature the Balance of Trade for May on Thursday, alongside the Unemployment Rate.
- Citibanamex survey showed economists priced out fewer rate cuts by the central bank, estimating rates will be lowered to 10.25% in 2024, up from 10.00%. Regarding the USD/MXN, the consensus estimates the exchange rate will end the year at 18.70, up from 18.00 in the previous report.
- Regarding economic growth, the consensus revised the Gross Domestic Product (GDP) for 2024 downward from 2.2% to 2.1% YoY.
- CME FedWatch Tool shows odds for a 25-basis-point Fed rate cut at 56.3%, lower than Tuesday’s 59.5%.
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