CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Calls For 2025 Government Spending Adjustments, Copom Minutes Due Tomorrow

BRAZIL
  • Senator Confucio Moura said in an interview with Valor that the 2025 budget guidelines law needs spending adjustments, but they must be made gradually to avoid political resistance. He said that these adjustments should come from the Finance Ministry and could be made by freezing the budget to limit spending, rather than making cuts.
  • Aided by a softer greenback today, BRL remains around 0.8% firmer against the dollar, keeping USDBRL below the 5.40 level. Initial support to watch lies at 5.342, the 20-day EMA. DI swap rates have also rallied, with yields down c.7bp across much of the curve.
  • Tomorrow, the BCB is due to publish the minutes to last week’s Copom meeting, when the Selic rate was unanimously held at 10.50%. Goldman Sachs will be looking first and foremost for an evaluation of the macro backdrop and overall balance of risks for inflation. In this regard, they will be looking to see if one or more directors are of the view that the balance of risks for inflation are now skewed to the upside, rather than neutral. They will also be looking for any discussion about a potential state-of-the-world that would demand rate hikes.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.