According to economist Robin Brooks, the Fed’s signaling begins an easing cycle in September
The market understands Chairman feeder (Federal Reserve, USA central bank) at the annual symposium of central banks in Jackson Hole (Wyoming – USA), indicating that it is time to cut interest rates, In coordination with the expectation that the easing cycle will start in September.
According to Economist Robin BrooksThis price adjustment is good news for all Latin American currencies. “The pace at which markets are starting to price in rate cuts for the central bank is good news for all Latin American currencies”Brooks in highlighted publication At X (formerly Twitter).
“In all cases, the 12-month rate differential is down after falling sharply last year, particularly for Brazil. A tailwind for Latin American currencies.”The economist declared.
Brooks is a senior member Brookings InstitutionFormer Chief Economist IIF (Institute of International Finance), former Senior Economist IMF (International Monetary Fund) and former banking strategist Goldman Sachs.
In late July, Brooks said that Brazil ““Back of the Pack” After delivering one of the worst performances this year in real terms compared to other emerging markets.
with the information that Brazil investment.
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