Copom Cuts Selic to 14.50% as Fed Holds in Powell’s Last

Key Points —Brazil’s Copom cut the Selic 25 basis points to 14.50% in a unanimous decision, the second consecutive reduction after nine months at 15%. —The Federal Reserve held rates at 3.50-3.75% in an 8-4 vote — the most divided since October 1992 — in what was Jerome Powell’s final meeting as chair. —Powell said […] The post Copom Cuts Selic to 14.50% as Fed Holds in Powell’s Last appeared first on The Rio Times .

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