(Analysis) Jerome Powell, Chairman of the U.S. Federal Reserve, recently announced that U.S. interest rates might stay high for longer, complicating global monetary policy. Made on Tuesday, this announcement predicts delays in anticipated rate cuts due to ongoing high inflation. This change from Powell’s earlier statements has driven U.S. Treasury yields up and strengthened the […]
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Brazil’s financial market expects further interest rate cuts
The Brazilian financial market anticipates further reductions in the Selic base interest rate. Forecasts for the end of 2023 have been adjusted from 12% to 11.75% and from 9.25% to 9% for the close of 2024. This information is based on the Focus survey released by Brazil’s Central Bank. This revision in the rate projection […]
Lula Envisions Stronger Brazil-Mexico Trade Ties and Equitable Growth
Brazilian President Luiz Inácio Lula da Silva sees great potential for expanding trade between Brazil and Mexico. He emphasized this view during a business forum in Mexico City on Monday. Lula urged both nations to focus on distributing wealth more evenly among their populations. The Brazilian leader acknowledged Mexico’s close ties with the United States […]
