The Day at a Glance | August 25 2023

*Former President of the United States, Donald Trump, surrendered himself to authorities in Georgia this Thursday.

*The Federal Reserve Bank of Kansas City´s manufacturing index surprised to the upside with a reading of zero points in August, higher than the estimated -10 and up from the -11 reported in the previous month.

*Today at 8:05 am (Mexico City time), Federal Reserve Chairman Jerome Powell, will give a speech as part of the Central Bank Symposium in Jackson Hole. He´s expected to provide significant guidance regarding the FED´s future course of action.

Economic environment

Former President of the United States, Donald Trump, surrendered himself to authorities in Georgia yesterday. This was due to over a dozen charges against him related to his attempt to modify election results in the state in 2020. However, he was released after posting bail of 200 thousand dollars. Trump referred to the case as a “travesty of justice,” adding that he did nothing wrong. Yesterday’s event marked the fourth occasion this year in which the former president turned himself in to local or federal authorities on criminal charges.