Search Results
Mexican peso strength noteworthy among emerging markets during Fed tightening
Many emerging-market currencies have depreciated modestly during the Federal Reserve’s tightening cycle that began in March 2022. The Mexican peso, however, outperformed the group during the period.
Emerging-market countries insulate themselves from Fed rate hikes
Earlier episodes of sizable Fed tightening preceded destabilizing currency devaluations in emerging markets, precipitating sovereign debt and banking crises in many of those economies
Journal Article
Strong U.S. labor market drives record remittances to Mexico
Remittances from the U.S. to Mexico reached a record $55.9 billion in 2022. Strong employment in the U.S. construction sector—a leading employer of Mexican migrants—best explains the recent growth of remittances to Mexico.
Unprecedented U.S. immigration surge boosts job growth, output
U.S. labor market conditions are among the main drivers of an unprecedented surge of immigration, the exact size and consequences of which are still being assessed.
Mexico seeks to solidify rank as top U.S. trade partner, push further past China
Mexico's emergence followed fractious U.S. relations with China, which had moved past Canada to claim the top trading spot in 2014. The dynamic changed in 2018 when the U.S. imposed tariffs on China’s goods and with subsequent pandemic-era supply-chain disruptions that altered international trade and investment flows worldwide.
Journal Article
Mexican IT services firm pitches ‘nearshoring’ as alternative to overseas ties
Softek chief executive Beni Lopez discusses the competitive challenges the firm faces in the North American market, where many of the world’s leading tech services firms are based, and the genesis of the company’s nearshoring strategy.
Journal Article
Strong peso, stubborn inflation cloud Mexico’s 2024 growth prospects
Mexican economic performance is likely to slow in 2024, with stubborn inflation, rising labor costs and a strong peso posing downside risks. Conversely, nearshoring and a larger-than-expected fiscal impact could bolster the Mexican outlook.
Journal Article
Podcast: Lagging productivity gains restrain Mexico’s economic prospects
Investment, a large labor pool and proximity to the United States have helped propel Mexico’s economic fortunes. Dallas Fed economists Sewon Hur and Pia Orrenius discuss how improving productivity could propel Mexico beyond the ranks of middle-income nations.
Journal Article
Santa Teresa port of entry navigates future during fraught time
Jerry Pacheco, president of the Border Industrial Association in Santa Teresa, New Mexico, discusses his work attracting investment from private and public sources for the Santa Teresa project and its prospects in an environment of rapidly changing rules of trade.
Speech
Opening remarks for Fed Listens
Dallas Fed President Lorie K. Logan delivered these remarks at a Fed Listens roundtable with El Paso community leaders.