RIO DE JANEIRO, BRAZIL - The Brazilian stock market fell in line with most foreign markets.
The explanation is partly due to a setback from investors, who thought the president of the Fed (Federal Reserve Bank), Jerome Powell, was unclear regarding the potential for further interest rate cuts.
On Wednesday, the Fed made its second cut in the year, which is also the second reduction since its cycle of cuts after the 2008 crisis. In this round, interest rates fell from 2 .00 percent to 1.75 percent, against the previous 2.25 percent to 2.00 percent.
The decision was . . .
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