Among the different indicators that economists, statesmen, investors and, finally, the population as a whole, use to make decisions, one of the most important is the Consumer Price Index (CPI), which measures the variation in prices of certain goods and services of vital importance for measuring the development of the economy of a country or region. This index, with...
Although its “baptismal certificate” says that it was created by law on December 23rd, 1913, and promulgated by President Woodrow Wilson, the truth is that there is a secret history of the Federal Reserve and its birth, which dates back several years before that. The events that preceded the Fed’s existence today could be used for a film script....
Keeping up with our tour around the various indices that have a decisive influence on global financial markets, today is the turn of the U.S. Dollar Index (DXY). Surely those who have their day to day anchored to finance and markets, know perfectly well of its existence. But behind this index, which daily returns the value of the dollar...