MACROGlobal
US adds 165,000 jobs in October, above forecasts
The US economy added 165,000 nonfarm jobs in October, above a forecast of about 65,000, according to a report released on November 6, InfoMoney and Exame reported.
Macro & EconomiesEconomy
United States
U.S. economy and its policies with reach across global markets.
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What sources are saying
The US economic offensive gained an energy axis: Venezuela confirmed the oil deal Trump announced — US capital for 65 billion barrels — days after Kevin Warsh hardened his tone at Jackson Hole and the tariff agenda escalated against meatpackers and Canadian goods. The tariff meeting with Brazil happens this Monday.
Updated November 07, 2026 · 37 verified articles
Market transmission
Why it matters
U.S. rates, the dollar, trade and demand influence global prices, flows and exporters.
Explanatory mechanism, not a forecast or recommendation.Articles in chronological order
45MACROGlobal
Democrats win majorities in both houses of the US Congress
Democrats won majorities in the US House and Senate in the November 3 midterm elections, according to partial counts, with the final outcome possibly taking days, according to InfoMoney and Money Times.
MACROGlobal
Fed holds rates at 3.75% to 4% with two votes for a hike
The Federal Reserve held the US policy rate at 3.75% to 4% on October 28 in a 10-2 vote, with two members favoring a 0.25 point hike, according to Bloomberg Línea and CNN Brasil.
MACROGlobal
US consumer inflation rises 0.6% in September, 3.7% over 12 months
The US consumer price index rose 0.6% in September and 3.7% over 12 months, according to the Labor Department, in data released on October 14. Core rose 0.3% on the month and 2.6% over 12 months, according to CNBC and Money Times.
CORPORATEBrazil
B3 launches four new US Treasury futures contracts, trading since October 13
B3 launched four new US Treasury futures contracts, complementing the existing 10-year contract. Trading began on October 13, according to B3 and Investidor10.
MACROGlobal
Trump announces deal with Putin for Russian diesel supply, with more than 300,000 tonnes right away
US President Donald Trump announced on October 9 a deal with Vladimir Putin for Russian diesel supply. According to Trump, there will be more than 300,000 tonnes right away, 500,000 in November and 1 million after that. Terms and mechanisms were not detailed.
MACROGlobal
Fed minutes show most officials see another rate hike likely by year-end, with no set date
Minutes of the Federal Reserve's September meeting, released on October 7, showed most participants see another rate hike as likely appropriate by year-end, without indicating at which meeting. New York stocks closed lower after the release.
MACROGlobal
S&P 500 and Nasdaq close at records in New York, with the S&P 500 near 7,819 points
The S&P 500 rose 0.58% to a record close near 7,818.9 points on Tuesday, October 6. The Nasdaq gained 0.45% to 27,599.79 points, also a record close. Investors' focus shifted to third-quarter earnings season.
MACROGlobal
US creates fewer jobs than expected in September, and unemployment rises to 4.2%
The US economy created fewer jobs than expected in September, and the unemployment rate rose to 4.2%, according to the jobs report released on October 2, as reported by InfoMoney and UOL. According to InfoMoney, there were 29,000 jobs, against a forecast of about 90,000, and August data was revised down from 162,000 to 133,000.
MACROGlobal
Trump rejects Iran seven-day plan to reopen the Strait of Hormuz and says the deal would be unacceptable
US President Donald Trump said on September 26 that he rejected Iran proposal to reopen shipping through the Strait of Hormuz within seven days. The plan, presented by Iranian Foreign Minister Abbas Araqchi in New York, included a seven-day ceasefire, an end to the US naval blockade, suspension of sanctions on Iranian oil and the release of frozen assets. Trump said Iran wants a deal but that one would be unacceptable, and said the US has total control of the strait.
MACROGlobal
Trump and Xi meet at the White House and extend the US-China trade truce, while Beijing cuts soybean purchases from Brazil
Donald Trump and Xi Jinping met at the White House on September 23 and 24, the first such meeting in Washington in a decade, and extended the trade truce between the two countries, which according to Bloomberg Línea now runs until January 10, 2027. The sides discussed tariff exemptions and expanded dialogue on artificial intelligence. Ahead of the meeting, China cut purchases of Brazilian soybeans to fewer than five cargoes in two weeks, against about 20 per week in August, and reopened room for US soybeans, with a commitment of at least 25 million tonnes a year between 2026 and 2028.
MACROBrazil
In a letter to Rubio, 31 US lawmakers accuse the Trump administration of trying to interfere in the Brazilian election
A group of 31 US lawmakers sent a letter on September 24 to Secretary of State Marco Rubio accusing the Donald Trump administration of trying to interfere in the Brazilian presidential election and expressing concern about democracy in Brazil. The letter was released a few days before the first round, amid polls showing a tight race between Lula and Flávio Bolsonaro.
MACROGlobal
The 10-year Treasury yield rises above 5%, the highest since 2007, and the dollar climbs 1.3% to R$ 5.17
The US 10-year Treasury yield rose above 5% on September 23, reaching 5.13% according to InfoMoney, citing Bloomberg, the highest since 2007; the 5-year note crossed 5% for the first time since 2007 after a weak US$ 70 billion auction. The rise came with stronger-than-expected activity data, higher oil and markets pricing three to four Fed hikes over 12 months, after the quarter-point increase the previous week. In Brazil, the dollar rose 1.3% to R$ 5.17, the largest gain in about three months, and the Ibovespa fell 0.86%.
MACROGlobal
Bessent and He Lifeng negotiate AI, tariffs and rare earths in New York ahead of the Trump-Xi summit in Washington
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met on September 20 at JPMorgan Chase's Manhattan headquarters, with Trade Representative Jamieson Greer, to try to close deals on artificial intelligence, tariffs, rare earths and critical minerals ahead of the Trump-Xi summit in Washington this week. The two countries' trade truce expires on November 10, and China's Commerce Ministry said He is leading a delegation of Chinese companies to the consultations.
MACROGlobal
Centcom says oil flow through Hormuz in the last two weeks is the highest in six months
Admiral Brad Cooper, head of US Central Command (Centcom), said on September 19 that the volume of crude oil, cargo and liquefied natural gas through the Strait of Hormuz in the last two weeks is the highest in six months. According to Centcom, more than 1 billion barrels and more than 2,000 commercial ships passed through the route in recent months under escort, and Iran exported no oil through the strait in the period because of US blockades.
MACROGlobal
Bank of Japan raises rates to 1.25%, the highest level in 31 years, two days after the Fed hike
The Bank of Japan raised its benchmark rate by 0.25 point, from 1% to 1.25%, on September 18, the highest level since 1995. The decision, widely expected by the market, follows the Fed hike on September 16 and reinforces the synchronised tightening by central banks against energy inflation from the Middle East war.
MACROGlobal
Fed raises rates to 3.75%-4.00% in the first hike since 2023 and Trump demands a 1% rate
The Federal Reserve raised the benchmark rate by 0.25 point to 3.75%-4.00% a year in a unanimous vote, the first hike since July 2023. Projections point to at least one more hike in 2026 and no cut before 2028. Hours later, Donald Trump demanded a 1% rate and criticised Fed chair Kevin Warsh.
MACROGlobal
US Senate blocks the Clarity Act 49 to 50 and bitcoin falls below US$ 76 thousand
The procedural vote to advance the Digital Asset Market Clarity Act failed in the US Senate on September 15, 49 votes to 50, short of the 60 needed. The bill would define the division of authority between the SEC and the CFTC over digital assets. Bitcoin fell between 3.7% and 5.3% and traded below US$ 76 thousand; ether dropped about 5%.
MACROBrazil
Brazil and the US set an in-person meeting on the tariffs on the sidelines of the G20 in Milwaukee on September 30
Development, Industry, Trade and Services Minister Márcio Elias Rosa said on September 14 that Brazil and the United States should hold the first in-person meeting since talks on the tariffs resumed, on the sidelines of the G20 trade ministers meeting between September 30 and October 1 in Milwaukee, with US Trade Representative Jamieson Greer and Foreign Minister Mauro Vieira present. On the table are the 25% surcharge imposed in July on steel, apparel, footwear, sugar, ethanol, pharmaceuticals and farm machinery and the additional 12.5% tariff tied to forced labour allegations, plus the investigations on deforestation and digital payments; the last virtual meeting was on August 31, after the Lula-Trump call on August 21.
MACROGlobal
10-year Treasury tops 5% for the first time since 2023 and Wall Street falls on the eve of the Fed
The yield on the 10-year US Treasury rose above 5% on September 14, to about 5.01%, for the first time since October 2023, when it spent a single day above the mark, driven by hotter-than-expected August inflation, oil near US$ 110 and government and corporate financing needs; New York stocks closed lower, with the S&P 500 down 0.48%, the Dow 0.29% and the Nasdaq 0.56%, and the market moved to price about a 90% chance of a Fed hike on September 16, the first in three years.
CORPORATEGlobal
Bank of America CEO projects flat trading and lower fees in the third quarter and US bank stocks fall
Brian Moynihan, Bank of America chief executive, said at a Barclays conference on September 14 that third-quarter sales and trading revenue will be relatively flat versus the same period of 2025, ending a 17-quarter growth streak, and that investment banking fees should come in between US$ 1.6 billion and US$ 1.8 billion, below the roughly US$ 2 billion Wall Street expected; the bank stock fell during the session, from 3.3% in the early afternoon to more than 5% near the close, the biggest drop since April 2025, and Goldman Sachs, Citigroup and JPMorgan also declined.
MACROGlobal
US CPI rises 0.4% in August and 3.4% over 12 months, with core above forecasts, and markets see a Fed hike on 9/16 as near-certain
US consumer prices rose 0.4% in August and 3.4% over 12 months, in line with forecasts, but core rose 0.3% on the month against 0.2% projected, with energy +2.1% and gasoline up as oil holds above US$ 100; markets now price a Fed hike at the September 16 meeting as near-certain, with the CME tool at 86.5% and other readings near 90%. Wall Street rose on September 11 on oil relief but ended the week lower.
EMPRESASBrazil
Nubank launches in the US with Lead Bank: a 3.5% account and a 1.5% cashback card while it awaits its charter
Nubank announced on September 10 the start of its US operations in partnership with Lead Bank, an FDIC-insured institution that holds the deposits: an account yielding 3.5% a year, fee-free transfers and a no-fee credit card with 1.5% cashback, plus Nu Global, a digital dollar and euro account (USDC at 3.5% and EURC at 2.2%) for more than 35 countries. Its own bank charter, conditionally approved by the OCC in January, is expected in 2027.
MACROBrazil
Brazil's exports to the US fall 9.7% through August to US$ 24.1 billion, the lowest since 2023 under the tariff hike
An Amcham Brasil survey using Comexstat data shows Brazilian exports to the United States totalled US$ 24.1 billion from January to August, down 9.7% and US$ 2.6 billion less than in 2025, the lowest for the period since 2023; products surcharged at 25% to 37.5% lead the losses, and in August value rose 12.1% while volume fell 17.3%.
MACROGlobal
Brent settles above US$ 101 as the US sinks Iranian tankers and ships come under fresh attack in Hormuz
US forces hit Iranian tankers loaded with crude, ten per CENTCOM as cited by InfoMoney and five destroyed per Bloomberg Línea and Money Times, and fresh attacks on ships were recorded near Hormuz, at least three per UKMTO and ten per Iran; Brent topped US$ 101 for the first time since July, in a fourth straight day of gains, and the Ibovespa fell 0.93% on risk aversion. September 10 update: November Brent rose 6.34% to US$ 107.63, the highest since May, as the Houthis seized the port of Mocha; Wall Street fell and the 10-year Treasury hit 4.954%, the highest since 2023.
MACROGlobal
Canada's retaliatory tariffs on US$ 20 billion take effect and Trump threatens to bar Bombardier jets from the US
Canadian counter-tariffs of 15% to 50% on about US$ 20 billion (C$ 27.6 billion) of American goods took effect at midnight on September 8, a day after Trump wrote on Truth Social that Bombardier will only sell jets in the US if it builds them there.
MACROGlobal
China's reserves rise US$ 19.55 billion in August and the PBoC buys gold at the fastest pace since 2023
China's foreign reserves rose US$ 19.55 billion in August to US$ 3.438 trillion, and the central bank bought 650,000 ounces of gold, the 22nd straight month of purchases and the largest monthly gain since October 2023, to 76.73 million ounces.
MACROGlobal
Iran announces a no-go zone in the Gulf after the US hits three tankers, and Hormuz traffic falls to its lowest since May
Mohsen Rezaei, of Iran's Supreme National Security Council, said on September 6 the country will declare in the coming days a no-go zone in the Gulf, starting where the US blockade begins, with sanctions on ships crossing it, per CNN Brasil and Exame. The announcement came a day after US Central Command reported strikes on three Iranian tankers, one near Kharg Island, per CNN Brasil. Traffic through the Strait of Hormuz fell to about 10 ships a day in the ten days through September 7, the lowest since May, per Kpler data cited by CNN Brasil, and Brent rose 0.8% to above US$ 97.
MACROGlobal
Pentagon buys 35% of Betancourt's NABEP and secures preferential US access to Venezuelan oil
The Pentagon, through its Office of Strategic Capital, acquired 35% of North American Blue Energy Partners, a company tied to Venezuelan billionaire Alejandro Betancourt with stakes in 17 Venezuelan oil fields, per InfoMoney; g1 records the Venezuelan oil deal on September 5. Per InfoMoney, the State Department may buy 20% of NABEP's oil at cost, with preferential access to the rest.
MACROGlobal
US adds 162,000 jobs in August, Wall Street falls on rate-hike bets and Trump threatens to cut trade
The US jobs report showed on September 4 that 162,000 jobs were added in August, against a forecast of about 55,000, with unemployment steady at 4.1%, per Bloomberg Línea, Poder360 and Money Times. The S&P 500 fell 0.38% and the Dow Jones 0.51% as bets on a Fed rate hike strengthened, per InfoMoney and CNN Brasil; Trump wrote he would stop doing business with deficit countries if the Fed does not cut rates, per InfoMoney and Bloomberg Línea.
MACROGlobal
Fed's Waller signals support for holding rates if inflation keeps easing, and gold jumps nearly 3%
Fed governor Christopher Waller said on September 3 he would support holding rates steady if inflation keeps easing, per CNN Brasil and InfoMoney. The remark pushed down the dollar and Treasury yields and sent gold up 2.84%, per CNN Brasil, nearly 3% per InfoMoney. The next day the strong payroll reversed part of the move, a fact NEXO published on September 5.
MACROGlobal
US private sector adds 38,000 jobs in August, below forecast, ADP says
The US private sector added 38,000 jobs in August, versus 46,000 in July (revised) and a 48,000 forecast, per the ADP report released September 2 and reported by CNN Brasil and InfoMoney. The figure precedes Friday's official payrolls.
MACROGlobal
US and Iran resume attacks after a month and oil climbs again
The US struck an Iranian facility on Larak Island in the Strait of Hormuz on Sunday (30th), and US bases in Jordan, Kuwait and Bahrain reported retaliatory Iranian attacks — the first direct exchange of hostilities in about a month, per CNN Brasil and the Reuters dispatch carried by InfoMoney and Money Times. Oil rose more than 2% on Monday, with Brent back around US$ 90.
MACROGlobal
Venezuela confirms US$ 100 billion oil deal with the United States
Venezuela's president confirmed the oil agreement with the United States announced by Trump, per Agência Brasil and Gazeta do Povo. The arrangement calls for investments on the order of US$ 100 billion and covers 65 billion barrels across 17 fields, with a production target of 1.5 million barrels a day. Trump had announced the initiative on August 28.
MACROBrazil
Brazil and US resume tariff talks this Monday
Development Minister Márcio Elias Rosa and US Trade Representative Jamieson Greer meet by videoconference this Monday (31st) at 2:30 pm — the first direct contact between the teams since the US tariffs took effect, per Poder360 and CNN Brasil. The meeting is a resumption, not a decision, the minister said.
MACROGlobal
Warsh hardens tone at Jackson Hole, says Fed has more work to do
In the closing speech of the Jackson Hole symposium on August 28, Fed chair Kevin Warsh said US inflation is not slowing and the central bank has more work to do if it stays above target, per CNN Brasil and O Globo. In Brazil, the dollar rose 0.66% that day to R$ 5.196.
MACROGlobal
Trump widens beef imports and targets meatpackers to curb US prices
On two fronts against rising US beef prices, Trump signed a decree temporarily widening beef imports at reduced tariffs — up to 100,000 tonnes per month for 90 days from September 1 — and announced on August 28 that he is preparing measures against large meatpackers, including Brazilian groups operating in the US.
MACROGlobal
Canada announces retaliatory tariffs against the US starting September 8
The US-Canada trade conflict became a spiral: to Carney's dollar-for-dollar retaliation set for September 8, Trump responded on August 24 with 50% tariffs on Canadian cars, auto parts and steel from January 1, 2027, announced via Truth Social. The US announcement has not yet become a published formal act.
MACROBrazil
Lula calls Trump, calls tariffs unfounded and asks to resume negotiations
President Lula phoned Donald Trump on August 21, in a call of about one hour and twenty minutes, and said the allegations behind the US tariffs on Brazil are unfounded, asking to resume negotiations. Per the Brazilian government's readout, Trump agreed on preserving trade relations and proposed a new meeting of the teams. No concrete decision on the tariffs was announced.
MERCADOSGlobal
Oil gives back gains on Iran-Oman deal for a temporary Hormuz corridor
Oil gave back the escalation's gains: Brent fell 3.61% to US$87.27 and WTI 3.12% to US$82.36 on August 25, after Iran and Oman struck a deal for a joint temporary maritime corridor in the Strait of Hormuz, with mine-clearing operations. The US is not part of the deal and the sanctions announced the prior week remain in force.
JUROSGlobal
FOMC minutes show a 9-3 split, with dissenters favoring a rate hike
The minutes of the FOMC's July meeting, released on August 20, recorded a 9-3 decision. The three dissenters — Beth Hammack, Neel Kashkari and Lorie Logan — favored a 0.25 percentage point hike to contain inflation, the opposite direction from early headlines that suggested a cut.
JUROSGlobal
US Treasury doubles long-bond buybacks and 30-year yields retreat
The US Treasury doubled the size of its bond buyback operations in the 10-to-20 and 20-to-30-year segments to US$4 billion per operation, on a schedule running September 9 to November 4. Secretary Scott Bessent said operations may exceed that amount. The 30-year Treasury yield fell over the week to near 5.2%.
EMPRESASGlobal
JBS proposes acquiring all of Pilgrim's Pride in a share swap
JBS submitted a non-binding proposal to acquire, via share swap, all Pilgrim's Pride shares it does not yet own, at a ratio of 2.086 JBS Class A shares per share of the subsidiary. The documents were filed with the SEC on August 18.
EMPRESASBrazil
Itaú receives preliminary US regulatory approval to open a bank in the US
Itaú Unibanco received preliminary conditional approval from the OCC, the US federal banking regulator, to establish Itaú Bank, National Association. Final authorization still depends on the Federal Reserve and the FDIC.
COMÉRCIOGlobal
China seeks to join Brazil consultations over U.S. tariffs
China requested to join the consultations opened by Brazil at the World Trade Organization over U.S. tariff measures. Beijing cited a commercial interest because some restrictions also reach Chinese products.