Ibovespa Plummets 0,51% with Petrobras and Fed Tightens Pressure for Higher Interest Rates

B3 ends session lower after Fed decision to raise US interest rates and signal additional tightening, while investors await Copom on Selic.

Main Index Drop

The Ibovespa closed in negative territory this Wednesday, pressured by the Federal Reserve's decision to raise the basic interest rate in the world's largest economy and the prospect of another hike still this year.

Impact of Petrobras

The state-owned oil company contributed to the downward movement, reflecting volatility in the commodities sector and concerns with the external scenario.

Expectations for Copom

In the local market, eyes are on the meeting of the Central Bank's Monetary Policy Committee. Majority bets point to a cut in the Selic rate from 14% to 13,75% per year.

External factors: Fed signaling continuous tightening
Internal factors: Expectation of start of the basic rate reduction cycle

Market Perspectives

Analysts highlight that the global environment of high interest rates may limit the room for more aggressive cuts in Brazil, keeping investors on hold until the official Copom decision.