Overview

• The Federal Reserve lowered its policy rate by 0.25 percentage point to a 4.00%–4.25% range last week, supporting a risk-on tone in markets.
• Brazil’s Boletim Focus kept the 2025 IPCA forecast at 4.83% and reduced the market median for the end‑2026 Selic to 12.25%.
• Tokyo’s Nikkei and Seoul’s Kospi closed at record highs as Asian trading followed Wall Street’s post‑cut gains.
• Brazil’s Finance and Planning ministries will publish the 4th Bimonthly Revenues and Expenses Report this afternoon, with investors expecting a larger budget block tied to rising mandatory spending.
• Multiple Fed officials, including Jerome Powell and Stephen Miran, are scheduled to speak this week, and Miran’s push for higher tariffs, a weaker dollar and cheaper long‑dated U.S. debt is under debate.