Brazil’s Rising Inflation Curbs Hope for Interest Rate Cuts

Unexpectedly, Brazil’s inflation rate jumped in May, ending a seven-month streak of slowing price increases. This spike complicates the task for policymakers, who now face increased pressure to keep interest rates stable at their next meeting. On Tuesday, data revealed a 3.93% year-over-year price surge in May, just above the 3.88% forecast by analysts. The […]