Brazil Industrial Output (YoY) came in at -1%, above expectations (-1.7%) in May

Jul 3, 2024

USD: Data more relevant than minutes – ING

Federal Reserve (Fed) Chair Jay Powell sounded cautiously optimistic on disinflation which, paired with recent PCE data, allows markets to keep betting on a Fed rate cut in September, ING’s analyst Francesco Pesole notes.

Brazil Industrial Output (YoY) came in at -1%, above expectations (-1.7%) in May

USD: Data more relevant than minutes – ING

Brazil Industrial Output (MoM) fell from previous -0.5% to -0.9% in May