Mexican Peso Weakens After Fed Rate Cut and Signaling of Gradual Future Reductions

Puerto Vallarta, Mexico - The Mexican peso and the benchmark index of the Mexican Stock Exchange (BMV) weakened following an interest rate decision by the U.S. Federal Reserve (Fed) that met market expectations but indicated a measured pace for future cuts. The move came as the Fed sought to balance its objectives of supporting economic growth while maintaining vigilance on inflation trends.