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Stock impact report

Brazil's Annual Inflation Tops All Forecasts, Backing High Rates [Yahoo! Finance]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
will have to hike the interest rate later this year after holding them steady next week. Most Read from Bloomberg Harris Just Showed Why Trump Is So Afraid of Her I Changed My Mind. The Fed Needs to Cut Rates Now. What Initial Polling Data Show About the Trump-Harris Matchup Harris Targets Trump by Raising Threat of ‘Extreme' Project 2025 Stocks Extend Losses as Worries Go Beyond AI Froth: Markets Wrap Official data released Thursday showed consumer prices increased 4.45% from a year earlier, above the 4.37% median estimate from analysts in a Bloomberg survey. Monthly inflation stood at 0.3%. Policymakers are expected to maintain borrowing costs in double-digits for the foreseeable future as inflation forecasts run above the 3% target. High interest rates have so far failed to significantly dampen growth, and the job market remains tight. Complicating matters further, investors are fretting about President Luiz Inacio Lula da Silva's spending ambitions. The prospects Show less Read more
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