Fed may close Brazil’s window of opportunity sooner

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Fed may close Brazil’s window of opportunity sooner 

U.S. Federal Reserve Chairman Jerome Powell told the U.S. Senate Banking Committee this week that the country’s economic data came in “stronger than expected” in January, “which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated.” 

  • On Friday, he learned that the country’s labor market continues to post blockbuster gains, confirming his comments a few days earlier.

Late to the party. Having lagged behind the contractionary wave, the Fed has had to adopt an atypically aggressive monetary policy stance since the start of the tightening…

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