Brazil Central Bank Pauses Easing Cycle

By Paulo Trevisani Brazil's central bank paused its easing cycle Wednesday as inflation remains above target. The bank kept its Selic benchmark interest rate at 10.5% following seven consecutive cut

WSJ20:01 ET

Brazil's central bank maintains interest rates unchanged, suspending the one-year easing cycle.

After the inflation outlook deteriorated, the Brazilian central bank kept interest rates unchanged, interrupting nearly a year of loose monetary policy and intensifying tensions with the Lula government.

環球市場播報18:56 ET

Dollar Index to Trade in Range – OCBC

USD traded modestly softer as US retail sales disappointed. Fed speakers are hesitant to define the date for the next rate cut, OCBC FX Strategist Christopher Wong notes.

FXStreetJun 19 11:51 ET

Federal Reserve officials emphasize the need for more evidence of cooling inflation and remain cautious about the timing of a rate cut.

Zhixun Finance and Economics app learned that on Tuesday, Federal Reserve officials unanimously emphasized the need for more evidence of inflation cooling before interest rate cuts. Several officials also provided insight into the timing of interest rate cuts. Adriana Kugler, a member of the Federal Reserve Board of Directors, said that if the economic situation develops as she expects, it may be appropriate for the Federal Reserve to cut interest rates "later this year." Alberto Musalem, President of the St. Louis Federal Reserve, stated in his first important policy speech that it may take "several quarters" of economic data to support a rate cut. New York Federal Reserve President Williams (Joh

Zhitong FinanceJun 18 19:50 ET

Expected to increase by 27%: the Congressional Budget Office estimates that the US government's budget deficit will be nearly $2 trillion this year.

The Congressional Budget Office (CBO) estimates that within the decade leading up to 2034, the annual deficit will be equal to or exceed 5.5% of GDP, the first time it has remained at a high ratio for over five years since 1930. The CBO expects the Federal Reserve's interest rate cut to be postponed from mid-year to the first quarter of next year.

wallstreetcnJun 18 18:54 ET

Fed Members Cool On Raising Interest Rates: 'These Conditions Could Take Months, And More Likely Quarters To Play Out'

Members of the Federal Reserve have indicated that they are in no rush to raise interest rates in speeches given on Tuesday.

BenzingaJun 18 18:10 ET