Brazil Braces for Hawkish Central Bank Chief Just as Fed Readies Rate Cuts

Brazil is currently awaiting the appointment of a new Central Bank head who is expected to adopt a more hawkish monetary policy. Rafael Huan is set to conclude his term and hand the reins to a candidate appointed three times by President Luiz Inácio Lula da Silva. The impending changes come as the U.S. Federal Reserve prepares to lower interest rates, creating a tense and uncertain atmosphere in Brazil's financial markets.

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