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Dallas Fed research says Mexico's GDP grew an annualized 0.1% in the fourth quarter of 2021 after falling 2.8% in the third quarter. Activity indicators showed a pickup in early 2022, though inflation remained elevated and the peso was steady in February.
Improving Mexican industrial activity and consumption support demand for feed and meat, but the effect on grain and meal prices is modest. Persistent inflation is a risk to purchasing power.
dallasfed.orgJesus Cañas, Juliette CoiaMar 31, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
