Mexican Stocks Slide After Hawkish Fed Minutes

Mexico's S&P/BMV IPC fell 0.38% to 70,885.22 on Wednesday after Federal Reserve minutes signaled a less-dovish stance, erasing earlier intraday gains. The peso weakened 0.51% to about 17.21 per dollar, while Banxico’s Feb. 5 pause kept the policy rate at 7.00% and Cetes 28-day yields fell to 6.84%. Analysts now expect only two 25bp cuts in 2026.