Brazil’s Stock Market Plunges 3% on Fed Decision and Fiscal Fears

Brazilian investors watched R$ 120 ($20) billion vanish from the stock market on December 18, 2024, as the Ibovespa tumbled 3.15%. The market crash pushed Brazil’s currency to a historic low of R$ 6.26 per dollar. Two key events sparked this financial storm. First, Brazil’s Congress struggled to pass crucial spending control measures. Second, the […]