Inflationary pressures in Mexico are mostly being imported from abroad, and are not coming from public spending, Deputy Finance Minister Gabriel Yorio said in an interview at Mexico's annual banking convention on Thursday. "We don't agree with the assumption that public spending is generating inflationary dynamics," Yorio said. Earlier this week, Bank of Mexico deputy governor Jonathan Heath said that expansive fiscal policy in the run-up to general elections was complicating the bank's work in taming inflation this year.
Powell warned earlier this week that rate cuts could be delayed, with his colleagues echoing that in comments on Wednesday.
New England Patriots general manager Eliot Wolf tells reporters that the team is "open for business in the first round and in every round" of the upcoming 2024 NFL Draft.
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