Ibovespa Slips Following Fed Hike
The Ibovespa edged lower to trade near the 186,000 mark on Wednesday following the US Fed’s monetary policy decision and ahead of the BCB’s. The Fed raised interest rates by 25 bps and a majority of FOMC members projected another hike this year. In contrast, the BCB is expected to announce a 25bps Selic cut after marke