Searcher
Javier Amador
Javier Amador
BBVA Research - Principal Economist

Javier Amador is Principal Economist of BBVA Research. He joined BBVA Research in 2002. He has worked mainly in macroeconomic and financial analysis related to the Mexican, US and global economy. Between 2005 and 2007 he was a Senior Economist in the US team where he analyzed inflation and monetary policy mainly. He was a Principal Economist in the Global Financial Scenarios Team from 2010 to 2013 where he followed mainly Monetary Policy.

 

He obtained the Degree in Economics at the Monterrey Institute of Technology (ITESM) in 2000 with the highest honors (Summa Cum Laude), and an MsC in macroeconomics and finance subjects at the University of Birmingham in 2001.

Latest publications

The futures market is almost fully pricing in that the Fed will cut rates by 50 bps this year (95% implied chances) and continue to anticipate roughly 100 bps worth of rate cuts next year. Markets are certain of a rate cut in September, but are also likely pricing in risks in the event of a Trump’s second term.
There is still no clear indication of a severe slowdown in the labor market, though it has weakened more than it initially appears. The slower rate of job creation, coupled with frequent downward adjustments to monthly employment figures, suggests a labor market that remains robust but not excessively tight.
Board members voted 4-1 to hold rates steady at 11.00%. The fact that the decision wasn’t unanimous came as a bit of surprise considering the recent peso weakening and that Banxico was set to revise up its short-term headline inflation forecasts.