Term
The Fed
The Federal Reserve, the central bank of the United States. Its rate is the most watched in the world because it moves the dollar, and with it the peso.
In pesos: A surprise Fed hike tends to send the dollar up against the peso the same afternoon.
Where to go deeper
3/4 5 min Read What inflation is, and how it hits you Why the same money buys less over time, how a raise can still be a pay cut, and what central banks are actually doing when they raise rates.More terms on the same topic
Educational content only: not financial, investment or tax advice. The numbers are examples to understand the idea, not a forecast or a recommendation.