LatAm Expat & Nomad Daily Guide for Tuesday, August 25, 2026

Argentina set a new record Friday with its wholesale peso closing at 1,507, marking the first time it has exceeded 1,500 since June 3. This surge comes after a significant bond sell-off, with country risk premiums for Argentina now standing at 505 basis points. Meanwhile, Mexico's annual inflation for the first half of August climbed to 3.26 percent, up from 3.10 percent in July.

The core inflation rate stands at 3.93 percent, with Banxico's interest rate remaining at 6.50 percent since August 6. The Fed Chair, Kevin Warsh, made his first appearance at the Jackson Hole event since his appointment, giving his first keynote speech on Friday, August 28 at 10 a.m. New York time. Warsh has expressed reservations about forward guidance, suggesting it may lead to increased market volatility instead of stability.