central

Before Tuesday's dollar sale, the central bank's last market intervention was in September, when it sold over $1.1 billion in three days to prop up the peso, which economists say is substantially overvalued.

Even if that meeting takes place, it’s unlikely to meaningfully reduce tariffs or export controls—the issues that are central to investors’ concerns in the relationship.

“Even if that meeting takes place, it’s unlikely to meaningfully reduce tariffs or export controls—the issues that are central to investors’ concerns in the relationship,” she wrote today.

The key for central bank decision makers might be in measures of core inflation, which were steadier but haven’t shown signs of easing.

The central problem in our case—and in much of history—is the bounty was consumed rather than invested.