This Wednesday, March 22, A transcendental moment arrives to stop (or encourage) the volatility that the markets have suffered for the last two weeks: the United States Federal Reserve reveals its decision on interest rates. The consensus expects a new rise of 25 basis points. From Bankinter they believe that “the best thing would be a pause” or, at the very least, substantially change the message and approach. “Whatever the Fed does, it is in a situation where it will lose if it raises interest rates and it will lose if it doesn’t. If you don’t raise them, it will be a huge mistake because inflation is still well above the target. However, the current banking landscape has increased the possibility of a deep recession in the coming months,” says Jesse Cohen, an analyst at Investing.com.

Economy

• The Congress of Deputies closes the debate on the sixth motion of censure of democracy, this time presented by the Vox group and with the economist Ramon Tamames as a candidate. The vote comes without much uncertainty, with a comfortable majority in the Chamber against it and even the PP opting for abstention. The session begins at 9:00 a.m.
• The Bank of Spain presents its report on Economic Situation for Spain corresponding to the first quarter of the year and forecasts for the rest of the year.
• Unions and businessmen meet, starting at 6:00 p.m., to resume talks on Collective negotiation They were discontinued a year ago. After knowing the first union proposal two weeks ago, the employer rejected it in general terms but announced that it would continue negotiating.
• In Brussels, the president of the European Commission, Ursula with der Leyenmeets at night with the president of the PP, Alberto Núñez Feijóoon the eve of the meeting of the leaders of the European People’s Party that is being held in Brussels, in which both will be present, and of the summit of heads of state and government of the EU.
• Few international macroeconomic data. In United Kingdom the CPI and industrial prices for February are published, while the European Union discloses the current account balance and USA presents the permits for housing constructions.
• In London, the former prime minister, Boris Johnson, testifies before the parliamentary privileges committee in the framework of the investigation into the so-called partygate.
• In Washington, the Secretary of the Treasury, Janet Yellenappears before the Senate Appropriations committee to discuss his Department’s 2024 budget.

markets

• At 7:00 p.m. the decision on the rates of the Federal Reserve and half an hour later, its top manager, Jerome Powell, will speak. While a quarter point increase is taken for granted, the question is how the Fed will explain its roadmap from now on. There are no expectations of future increases in the price of money; quite the contrary, with 100 basis points discounted for the end of the year.

Companies

• seats presents its economic results for the year 2022 following the Spanish accounting model and while Volkswagen decides its most immediate future as a brand within the group.
• The president of iberdrolaIgnacio Galán, and the president of Brazil, Luis Inácio Lula da Silvainaugurate the Neoenergía Renewable Complex.
• A United States Senate committee questions the director of modernStéphane Bancel, for his plan to quadruple the prices of the Covid vaccine.

And something to keep in mind: 1,000 million. It is the figure for which one of the large renewable operations in Spain has been closed. Specifically, the venture capital firm KKR has agreed to sell its 50% stake in the X-Elio company to its Canadian competitor Brookfield, which retained the remaining 50%.

News that will still talk

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