Base Scenario

La inflación internacional continúa alta, pero con una tendencia a la desaceleración. En EE. UU. la inflación general cayó rápidamente por los precios de la energía y efectos de base, pero la núcleo sigue corriendo al 5% anualizada. La economía sigue creciendo a buen ritmo. En este contexto, la Fed subiría al menos ...

Inflation in developed economies continues to slow down, although it is doing so at a lower rate than initially expected. Faced with a scenario of persistently high inflation and despite the recent financial turmoil, the Fed maintains its intentions to continue raising rates, and cuts are expected only for September...

Inflation in the rest of the world slowed down in some cases, but remains high. The United States recorded annual inflation of 8.5% in July, lower than previous records due to the fall in fuel prices, and something similar happened in Brazil. The Eurozone average was 8.9%. The pace of prices is expected to begin to ...

The Fed slowed the hike of its funds rate to 50 basis points in December, leaving it at 4.25-4.5%, but by 2023 it is expected to be above 5.25% for some time. The regional outlook for 2023 is highly uncertain, with Lula returning to Brazil's presidency 12 years later, widespread protests and possibly early elections...