Brazil’s First-Quarter Rebound Clouds the Path for Rate Cuts

Brazil · Economy Key Facts —The data: Brazil’s economy grew 1.1% in the first quarter from the prior three months, slightly above forecasts. —The driver: Household consumption rose 1.0%, helped by income-tax relief and a tight labor market. —The inflation: Annual inflation runs at 4.64%, above the central bank’s 3% target. —The shift: Some economists […] The post Brazil’s First-Quarter Rebound Clouds the Path for Rate Cuts appeared first on The Rio Times .