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Central banks in Brazil and Mexico that led the global fight against inflation could now be stuck with steep interest rates due, in part, to the U.S. Federal Reserve’s reluctance to cut.
A series of consequential elections around the world, including one in the U.S., could affect investors for years to come.
Latin America's major central banks, which have led some of the most aggressive tightening over the last two years, may now be poised to lead the world on interest rate cutting amid clear signs of slowing inflation in places like Chile and Brazil. The potential key inflection point comes even as the U.S. Federal Reserve and the European Central Bank both signal further interest rate hikes may be on the horizon, and the Bank of England surprised many investors by hiking interest rates half a percentage point last week. Latin America embarked in early 2021 on one of the world's sharp...
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Latin America's major central banks, which have led some of the most aggressive tightening over the last two years, may now be poised to lead the world on interest rate cutting amid clear signs of slowing inflation in places like Chile and Brazil.
Goldman Sachs says the region is seeing