It would make it very complicated for Brazil to lower rates in the mid term. |
The fear of higher U.S. rates is taking its toll on the Dow Jones and on us. Coming on the heels of the strong gains in December, I expect we'll see some more profit-taking before we resume an upward trajectory. |
The market is just waiting for the outcome of the meeting at this point, but the trend is to assume that a hike has been priced in after recent losses. |