🔴 MEXX is trading 2.94% down today as Fed rate hike pressures Mexico equities

MEXX is trading 2.94% down now at $25.43 amid risk-off pressure surrounding the Federal Reserve’s September 16 rate decision.

• The Fed raised rates 25 basis points to 3.75%-4.00%; elevated Treasury yields and persistent inflation concerns pressured rate-sensitive assets.
• Mexico’s benchmark IPC fell 1.10% on September 15, while the peso weakened modestly.
• MEXX’s 3x leveraged exposure amplifies these underlying Mexico-market moves.