Shares of Argentine companies traded on
With no activity in the Argentinean market due to the holiday for the National Census 2022, Argentinean stocks registered most losses led by
The only shares that rose were Corporación América, with an increase of 0.2%, and Irsa, with an increase of 0.2%.
In such a scenario,
“We have to get inflation to 2%. We have to restore our price stability. It will be challenging to do that and we have to slow growth to do that,” Powell said at an event organized by The Wall Street Journal.
The idea,” he said, “is that growth has to go down. That’s what has to happen for inflation to fall. If we raise interest rates that will affect financing conditions and that affects the economy,” Powell said.
Still, he noted that while “there may be some pain involved in restoring price stability,” his main concern is “maintaining a strong labor market, where unemployment is low,” and that while “it may not be a perfect labor market, it will be strong.”