Ibovespa Inches Higher on Fed Cut Hopes
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The Ibovespa edged up to near 155,000, driven by hopes of lower interest rates from the Fed and BCB. New York Fed President John Williams hinted at possible rate cuts, boosting sentiment. Inflation projections for 2025 in Brazil also declined. Major banks and utilities showed mixed performance, with Banco do Brasil up 1.9% and Itaú down 0.3%. Petrobras fell 0.8% due to lower oil prices, while Vale rose 0.3% on stronger iron ore quotes.
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