LatAm Assets Gain on Softer US Inflation, Lower Fed Hike Odds
Latin American currencies and stocks advanced as lower-than-expected US inflation eased concerns about the Federal Reserve raising interest rates in October.
Most Latin American currencies firmed against a softer dollar on Wednesday, while regional equities also moved higher after US inflation came in below expectations, easing concern that the Federal Reserve could lift interest rates next month. The US Personal Consumption Expenditures Price index (PCE…