WS #16793
Brazil's central bank maintained the Selic rate at 13.75%, signaling a hawkish stance in the face of persistent inflation. In the US, the upcoming midterm elections are influencing market expectations for future rate hikes, with the 10-year yield holding near 4.93%. European stocks closed lower as yields climbed, reflecting global concerns over higher-for-longer interest rates and their impact on growth.
Global Central Bank and Rates
Brazil's central bank maintained the Selic rate at 13.75%, signaling a hawkish stance in the face of persistent inflation. In the US, the upcoming midterm elections are influencing market expectations for future rate hikes, with the 10-year yield holding near 4.93%. European stocks closed lower as yields climbed, reflecting global concerns over higher-for-longer interest rates and their impact on growth.