The eyes of the whole world are turned towards the expected speech by Jerome Powell, president of the Federal Reserve System (Fed, the central bank of the United States), in the North American Congress.
Over there, the expectation is that he will speak from noon on Tuesday (7) and be questioned by parliamentarians, after presenting the monetary policy report to the banking committee of the US Senate. This speech may give a sign of whether interest rates will exceed the speculated level of 5.5%.
Also this week, the North American country is still awaiting the payroll data, which brings the number of job openings created in the month of February.
In Brazil, speculations around the new fiscal framework are still on the radar. The rule, which involves a Complementary Law Project to be approved by Congress, has started to get off the ground and, according to the Minister of Finance, Fernando Haddad (PT), the text will now be presented to other ministries that make up the economic wing. . Afterwards, it will be handed over to President Luiz Inácio Lula da Silva (PT).
In recent interviews, Haddad has defended the adoption of a “simple, objective and less detailed” framework.
On Tuesday’s episode, the CNN Money it also discusses the advancement of the federal government’s debt refinancing program, Desenrola, and the 6.8% drop in China’s exports in recent months — data that indicates a weakening of global demand for Chinese products.
Presented by Muriel Porfiro, the CNN Money it presents a balance of the news subjects that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.
*Posted by Tamara Nassif
Source: CNN Brasil
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
