IMF Latest: Brazil’s Haddad Sees Global Market Repricing on Fed

-- Brazil ian Finance Minister Fernando Haddad said he anticipates the Federal Reserve ’s delay in lowering interest rates will trigger a repricing across global markets , while the nation’s central bank chief expressed confidence in Brazil ’s external accounts.International Monetary Fund Managing Director Kristalina Georgieva said the dollar’s strength has prompted concerns among a number of economies, with all eyes on the US and when the Federal Reserve will be able to lower interest rates.

“The degree of difficulty on that second surplus has come up a little bit,” Chalmers said Thursday in an interview with Bloomberg Television. “That’s certainly our goal - we’re not quite there yet,” he said, adding that the Australian economy is slowing, the labor market is softening and there is rising global economic uncertainty.

“The thing that I worry about is the confluence of a political crisis and a lot of leverage in the Treasury system,” Waldron said at an event organized by Semafor. “The more leverage we have, the riskier we make it. So I wish Washington would get its spending under control.” A second concern is the violation of the principle of sovereign immunity, which must be maintained under all circumstances, Lindner said.

“All eyes are on the US,” she said. With regard to the strength in the dollar, she said that “of course it is concerning.” So far, “the business environment in the United States has not reacted very firmly to the interest rates being high — but we see a little softening underneath.” The economy is “slightly overheated” in part because of the US fiscal stance, she said.

“Countries must urgently build fiscal resilience for the next shock” in a world where crises keep on coming, Georgieva said in a press conference Thursday in Washington. It’s important to be “rebuilding fiscal buffers.” TORONTO, April 18, 2024 -- Tilray Brands, Inc. , a leading global cannabis-lifestyle and consumer packaged goods company, today announced a sustainability update on its pioneering sustainable packaging initiative within its popular Canadian cannabis brand, Good Supply®.

Source: News Formal (newsformal.com)

Kristalina Georgieva Bloomberg Television Global Markets Interest Rates Federal Reserve John Waldron Washington Roberto Campos Neto Christian Lindner Megan Greene Bloomberg Brazil Jim Chalmers Brazilian Central Bank

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