Víctor Iván Fernández Mendiola
Víctor Iván Fernández Mendiola
Senior Economist
Mexico City

Víctor Iván Fernández Mendiola is an Economist at BBVA Research Mexico, specializing in macroeconomic and financial analysis of Mexico and the United States. He obtained a Master in Finance and a Bachelor in Economics from the National Autonomous University of Mexico (UNAM). In 2018 he passed the Level I exam of the CFA certification.

Previously he worked in the public sector as Director of Financial Oversight in the National Commission of the Retirement Savings System (CONSAR), coordinating off-site supervision tasks in financial matters applicable to Afores and Siefores. In the private sector, he served as the Evaluation Coordinator of the Financial Education Program of BBVA Mexico.

He is a professor in the Specialization in Applied Econometrics at the National Autonomous University of Mexico (UNAM).

Latest publications

The updated “dot plot” reinforces the Fed’s “higher rates for longer” approach to bring inflation down to 2%. Another 75bp hike is now more likely than not in November and rates will likely go higher than previously thought.
The Summary of Economic Projections (SEP) will point to less confidence in the soft-landing outcome and a challenging road to bring back inflation to below 3.0% levels as the Fed “keeps at it until the job is done”.
Persistent core inflation coupled with a resilient economy give the Fed “flexibility to be aggressive” against inflation. Another supersized rate increase (75 bps) is coming next week: the Fed will continue to front load rate hikes to add 150bp of tightening by December before shifting to a relatively long pause thereafter.