While all eyes will be on the Fed’s announcement later this week, keep your eye on Brazil, which releases its policy statement on the same day. CPI increased from 6.5% in July of last year to 8.89% in its latest reading. The central bank has raised rates 175 basis points since September in an attempt to stave off the increase. However, they have had little impact thanks to a plummeting exchange rate. This situation is a microcosm of the problems faced by Latin American commodity exporters, who have
