Latest / The Weekly Briefing from Capital Economics
The Fed changes tack, why no second Plaza Accord and why markets punished Brazil
The final Weekly Briefing from Capital Economics of the year has Group Chief Economist Neil Shearing making sense of that December Federal Reserve meeting and explaining what the latest PCE data say about the inflation outlook and where rates are heading in 2025. He also addresses why hopes for a sweeping ‘Mar-a-Lago accord’ (or 'Plaza Accord 2.0') that would tackle US-China currency imbalances are likely to be disappointed.
Plus, a dramatic plunge in the value of Brazil’s real shows how far investors have fallen out with Lula’s spendthrift administration. In an exclusive clip from our client…
The skinny
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