Global Economy Briefing — August 29, 2026
Stocks soften, yields and dollar firm after Kevin Warsh’s hawkish Jackson Hole signal; Brazil’s Ibovespa and real hold up as Selic cut meets cooler. The post Global Economy Briefing — August 29, 2026 appeared first on The Rio Times .
Fed Chair Kevin Warsh's Jackson Hole speech on August 29, 2026, pushed the odds of a September rate hike to around 57%, leading to a 0.5% rise in the dollar and a 3.2% drop in gold prices, down to approximately US$4,456 per ounce. The US markets, closing at 16:00 New York time and 17:00 Brasília time, saw a 16% decrease in stocks, higher Treasury yields, and a stronger dollar.
Brazil's Ibovespa continued its winning streak, increasing by 0.30% to 175,664.62 points, marking its eighth consecutive gain and a 9.0% increase for the year, while the Brazilian real weakened against the dollar.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
