Turim’s Insights

The current US interest rate landscape was one of the main highlights of our March monthly webinar.

If, initially, the debate about the US economy took place exclusively between a “hard” or “soft landing”, now a third scenario is being considered in the markets, the “no landing” – in that the economy continues to grow despite high interest rates.

“As a consequence, in terms of monetary policy, interest rates would be higher and the Fed would act more intensely and for a longer period”, evaluates economist Thiago Campos.

In Brazil, the re-encumbrance of fuels was a highlight. With a partial return on this taxation, Thiago assesses that the decision, although positive, is just one element in the country’s fiscal sustainability equation, and that it is still necessary to define a credible long-term fiscal framework.

The webinar also had the participation of Leonardo Martins Moraes, co-CEO; Fernando Verboonen, CIO; and Rodrigo Louro, CEO of Turim UK.