Inflation figures released last week in Brazil showed the country had pierced the target ceiling for the first time since the National Monetary Council changed early this year the way the accumulated increase is calculated.

Brazil's monthly inflation is expected to have slowed for the fourth time in a row in June due in part to lower gasoline prices, a Reuters poll showed. However, the 12-month measure likely remained high,

At an event on July 10, St. Louis Fed’s Alberto Musalem said he expects tariffs to hit inflation beginning in June. Zooming out, May’s CPI and PPI reports were relatively tame, offering hope that households and businesses might not feel as much of a pinch from import duties as initially feared.

The official rate surpassed 4.5% for the sixth time in a row, thus breaching the new method adopted by the National Monetary Council early this year to gauge the adequacy of price changes.

Brazil's monthly inflation slowed for the fourth time in a row in June, but the annual rate ticked up and remained well above the official goal, data showed on Thursday, prompting the central bank to release a letter to justify missing the target.

National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."

US Senate eyes sanctions over El Salvador’s Bitcoin policy; Trump imposes 50% tariffs on Brazil; Argentina secures zero-tariff deal with U.S.

Despite external trade headwinds and tight domestic monetary conditions, Brazil's finance ministry has upgraded its 2025 economic outlook.

Brazilian President Lula da Silva vowed to trigger Brazil's reciprocity law if negotiations with the U.S. fail.