With a heated labor market, Fed Funds rate cut in June loses probability – 05/05
Mixed data in the United States has raised uncertainty regarding the Federal Reserve’s monetary policy direction. Thus, we acknowledge that the scenario for a Fed Funds rate cut in June is losing ground with recent data.
In the domestic scenario, the highlight of the week was the extraordinary auction of currency swap contracts conducted by the Central Bank. Additionally, in the external sector, declines in commodity prices underpin the recent downward revisions to the 2024 trade surplus.
For more information, please check our Weekly Report 58.
