Brazil's stock market fell 0.70% to 168,454 on June 17, a third straight drop, as a hawkish Fed eclipsed a Selic cut to 14.25% and the real eased to 5.10.

The Ibovespa fell 0.45% to 169,648 on Tuesday, a third straight decline onto its long-term floor, as Brazil waited on twin rate decisions from the Fed and its own central bank.

Brazil's central bank cuts the Selic rate to 14.25% for a third consecutive meeting, continuing a cautious easing cycle from a near 20-year high of 15%.