The Ibovespa index took a hit, dropping 1.41% to 128,053 points. This decline came after the US reported unexpectedly high inflation, causing global market ripples.
Wall Street also felt the impact, highlighting a broader market downturn.
Market watchers now eye the Federal Reserve, speculating on interest rate cut timelines. Post-inflation data, the probability of a June rate reduction fell sharply from 50% to 19%.
Analysts Andressa Durão and Juliano Camargo weighed in. Durão sees the CPI hike prompting adjustments in the PCE index forecasts.
She believes tomorrow's PPI data could further clarify inflation trends. . .
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