Rio Times Global Economy Briefing
The Big Three
Inflation, as expected. The Fed’s preferred gauge rose to a three-year high of 4.1%, but the monthly pace eased to 0.4%, slightly below forecasts — enough to calm nerves.
A split market. The Dow rose 213 points back above 52,000, but the Nasdaq fell for a fourth day as the technology giants kept sliding.
Brazil’s inflation cools. Mid-month consumer prices slowed to 4.80%, with the monthly pace easing — fresh confirmation that the central bank’s rate cut was well judged.
