INSUBCONTINENT EXCLUSIVE:
(Photo Internet reproduction)A quarter of analysts now predict a rate cut in November, a jump from just over 4% previously.Additionally, 13%
foresee rates staying between 5.25% and 5.50% into late 2024, a significant rise from 1.3% a week before.This pessimism contributed to a
downturn in US stock markets
despite favorable CPI data, the Ibovespa index dropped 1.41% to 128,053 points, and the dollar increased to R$ 5.078.Economists are hopeful
for at least two more 0.50% cuts to the Selic rate, contingent on both domestic inflation alignment and US rate reductions.Mesquita
agenda includes Brazilian retail data for February and the US Producer Price Index (PPI) for March.Moreover, the European Central Bank,
holding its rates steady, may hint at future cuts for the Eurozone in June.This narrative underscores a global financial landscape marked by
uncertainty and cautious optimism.
