Cost Pressures Persist
Although producer inflation eased in June as energy prices declined, underlying price pressures remain elevated. Rising import prices suggest that tariff-related cost increases continue to pass through supply...
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Inflation Eases, but Risks Remain
Consumer inflation slowed in June, reinforcing the U.S. disinflation trend. However, core inflation remains above target, suggesting the Federal Reserve is likely to keep interest rates unchanged for...
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Brazil – Credit: Non Performing Loans Likely To Rise Further
The stock of credit operations within the National Financial System (SFN) reached BRL 7.2 trillionin April, an increase of 9.3% over the past 12 months (against inflation of...
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US CPI: Now You See Me?
Consumer inflation over the 12 months through last April reached 3.8% in the United States, rising from 3.3% in March and 2.7% one year earlier. The increase was...
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Brazil – Credit: Government Concerned About Indebtedness… Of Others!
The Central Bank of Brazil released today the data on corporate and household indebtedness. Thestock of credit operations in the National Financial System (SFN) reached BRL 7.2 trillion...
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US Jobs: The Weight of the Public Sector
The public sector accounted for 57% of the decline in job creation since 2024. Now, the labor market is showing signs of recovery.
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External Accounts Withstand the Oil Shock
A lower external deficit and a growing oil trade surplus leave Brazil well positioned amid the global crisis. Higher oil prices could further support the trade balance and...
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Directed Credit Fuels Rising Debt
Fiscal stimulus and directed credit weaken monetary policy transmission. As credit grows faster than inflation, households and companies face rising debt burdens and delinquency.
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Costs Keep Inflation Under Pressure
Higher labor costs and rising import prices continue to reinforce inflationary pressures in the United States. Even before the full impact of the oil shock, inflation remains on...
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